Part XIII Financial Provisions

281AF1Stamp duty land tax

1

A land transaction to which the Minister is a party is exempt from charge for the purposes of stamp duty land tax if—

a

the transaction relates to a highway or proposed highway which is, or is to become, a trunk road, and

b

but for this section stamp duty land tax would be payable in respect of the transaction as an expense incurred by the Minister under this Act.

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.