PART 2THE TAX AND KEY CONCEPTS
CHAPTER 4CHARGEABLE TRANSACTIONS AND CHARGEABLE CONSIDERATION
Chargeable transactions
I117Chargeable transaction
A land transaction is a chargeable transaction unless—
a
it is a transaction that is exempt from charge as provided for in Schedule 3, or
b
it is a transaction that is relieved from tax by virtue of a provision listed in section 30(2) and in respect of which relief from tax is claimed.