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

Friendly Societies Act 1974

7.  After section 105 of the Friendly Societies Act 1974(1) insert—

“Exemption from stamp duty land tax

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

(a) an amalgamation together of two or more registered societies under section 82(2); or

(b) a transfer of engagements under that section,

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.”.

(1)

1974 c. 46

(2)

Section 82 has been amended by paragraph 29 of Schedule 16 to the Friendly Societies Act 1992(c. 40) and S.I. 2001/3649, and partly repealed by the relevant entry in Part I of Schedule 22 to the Friendly Societies Act 1992.