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.”.