The Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003

Friendly Societies Act 1992

20.  After section 105 of the Friendly Societies Act 1992(1) insert—

“Stamp duty land tax

105A.—(1) A land transaction effected by or in consequence of—

(a)an amalgamation of two or more friendly societies under section 85(2),

(b)a transfer of the engagements of a friendly society under section 86(3); or

(c)a transfer of the engagements of a friendly society pursuant to a direction given by the Authority under section 90(4),

is exempt from charge for the purposes of stamp duty land tax.

(2) Relief under this section must be claimed in a land transaction return or an amendment of such a return.

(3) In this section—

“land transaction” has the meaning given by section 43(1) of the Finance Act 2003;

“land transaction return” has the meaning given by section 76(1) of that Act.”.

(2)

Section 85 has been amended by paragraph 95 of Part I of Schedule 3 to S.I. 2001/2617.and article 203 of S.I.2001/3649.

(3)

Section 86 has been amended by paragraph 96 of Part I of Schedule 3 to S.I. 2001/2617.and article 201 of S.I.2001/3649.

(4)

Section 90 has been amended by paragraph 100 of Part I of Schedule 3 to S.I. 2001/2617 and article203 of S.I. 2001/3649.