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

Regional Development Agencies Act 1998

27.  After section 39 of the Regional Development Agencies Act 1998(1) insert—

“Stamp duty land tax

39A.— (1) For the purposes of stamp duty land tax, a land transaction effected by or in pursuance of a transfer scheme is exempt from charge.

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

(3) In this paragraph—

“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;

“transfer scheme” has the meaning given in section 39 above.”.

(1)

1998 c. 45.