This Act is arranged as follows—

• Part 2 makes provision for the key concepts underlying the tax including—

  1. a

     which transactions are land transactions,

  2. b

     which interests are, and which are not, chargeable interests in land,

  3. c

     when a chargeable interest is acquired and the treatment of transactions involving contracts which require to be completed by conveyance as well as other kinds of transaction,

  4. d

     which land transactions are, and which are not, chargeable transactions,

  5. e

     what is, and what is not, chargeable consideration in relation to a chargeable transaction,

• Part 3 makes provision for—

  1. a

     the amount of tax payable,

  2. b

     relief from the tax, and

  3. c

     who is liable to pay the tax,

• Part 4 provides for returns relating to land transactions and for the payment of the tax,

• Part 5 contains provision about the application of the Act in relation to certain types of buyer, including companies, partnerships and trusts,

• Part 6 contains provision about the application of the Act to leases and non-residential licences,

• Part 7 contains general provision, including provisions about the Tax Authority and definitions of expressions used in the Act,

• Part 8 contains provisions on subordinate legislation powers and commencement as well as other final provisions.