Modifications etc. (not altering text)
C1Pt. 4 construed as one with S.I. 2006/575, reg. 43 (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 43(4)
C2Pt. 4 modified (coming into force at 2 p.m. on 6.12.2006) by The Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2006 (S.I. 2006/3237), regs. 1, 2, Sch.
(1)A land transaction is notifiable if it is—
(a)an acquisition of a major interest in land that does not fall within one or more of the exceptions in section 77A,
(b)an acquisition of a chargeable interest other than a major interest in land where there is chargeable consideration in respect of which tax is chargeable at a rate of 1% or higher or would be so chargeable but for a relief,
(c)a land transaction that a person is treated as entering into by virtue of section 44A(3), or
(d)a notional land transaction under section 75A.
(2)This section has effect subject to—
(a)sections 71A(7) and 72A(7), and
(b)paragraph 30 of Schedule 15.
(3)In this section “relief” does not include an exemption from charge under Schedule 3.]
Textual Amendments
F1 Ss. 77, 77A substituted for s. 77 (with effect in accordance with s. 94(5) of the amending Act) by Finance Act 2008 (c. 9), s. 94(2)