PART 6RETURNS AND PAYMENTS
CHAPTER 1RETURNS
Notifiable transactions
I145Notifiable transactions
1
For the purposes of this Act, a land transaction is notifiable if it is—
a
an acquisition of a major interest in land (see section 68) that does not fall within one of the exceptions listed in section 46,
b
an acquisition of a chargeable interest, other than a major interest in land, if—
i
it is not exempt from charge as provided for in Schedule 3, and
ii
tax is chargeable at a rate of more than 0%, or would be so chargeable but for a relief listed in section 30, in respect of any part of the chargeable consideration for the transaction,
c
a land transaction that a person is treated as entering into by virtue of section 11(3)(contract providing for transfer to third party), or
d
a notional or additional notional land transaction within the meaning given in paragraph 8(1) and (3) of Schedule 2.
2
This section has effect subject to—
a
section 10(5) (contract and transfer),
b
paragraph 18(5) of Schedule 4 (arrangements involving public or educational bodies),
c
paragraph 44(1) of Schedule 7 (transfer of partnership interest), and
d
paragraph 2(6) of Schedule 10 (alternative property finance).