http://www.legislation.gov.uk/ukpga/2003/14/section/57AFinance Act 2003An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2026-05-01Expert Participation2026-05-01
Finance Act 2003s. 57AThe Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2003Sch. para. 2reg. 1Finance Act 2003s. 87(3)(a)(ia)The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2003Sch. para. 3(4)(a)reg. 1Finance Act 2003Sch. 12 para. 3(2)(aa)Bankruptcy and Diligence etc. (Scotland) Act 2007Sch. 5 para. 32s. 223s. 227(3)art. 3(2)(3)art. 4Finance Act 2003Sch. 12 para. 1ATribunals, Courts and Enforcement Act 2007Sch. 13 para. 147(2)s. 89s. 148(5)art. 2(1)(b)Finance Act 2003Sch. 12 para. 1AFinance Act 2008Sch. 43 para. 9s. 129(4)art. 2Finance Act 2003s. 57(3)Finance Act 2011Sch. 22 para. 4Finance Act 2003Sch. 17A para. 10(1)(f)(fa)Leasehold and Freehold Reform Act 2024Sch. 9 para. 12(b)s. 124(3)Finance Act 2003specified provision(s)The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019Rheoliadau Deddf Diddymu’r Hawl i Brynu a Hawliau Cysylltiedig (Cymru) 2018 (Diwygiadau Canlyniadol a Darpariaethau Arbed) 2019reg. 5Finance Act 2003s. 61(2)(aa)Planning (Consequential Provisions) (Wales) Act 2026Deddf Cynllunio (Darpariaethau Canlyniadol) (Cymru) 2026Sch. 2 para. 332(a)(ii)Sch. 5 Pt. 1s. 5(2)
Part 4Stamp duty land tax<Emphasis>Reliefs</Emphasis><Addition ChangeId="key-d638733bc614d70573b80fa073aae81b-1544024567116" CommentaryRef="key-d638733bc614d70573b80fa073aae81b">Sale and leaseback arrangements</Addition>57A1The leaseback element of a sale and leaseback arrangement is exempt from charge if the qualifying conditions specified below are met.2A “sale and leaseback”arrangement means an arrangement under which—aA transfers or grants to B a major interest in land (the “sale”), andbout of that interest B grants a lease to A (the “leaseback”).3The qualifying conditions are—athat the sale transaction is entered into wholly or partly in consideration of the leaseback transaction being entered into,aathat the sale transaction is entered into wholly or partly in consideration of the leaseback transaction being entered into,bthat the only other consideration (if any) for the sale is the payment of money or the assumption, satisfaction or release of a debt (or both),cthat the sale is not a transfer of rights within the meaning of ... 45A (contract providing for conveyance to third party: effect of transfer of rights) or a pre-completion transaction within the meaning of Schedule 2A (transactions entered into before completion of contract), anddwhere A and B are both bodies corporate at the effective date of the leaseback transaction, that they are not members of the same group for the purposes of group relief (see paragraph 1 of Schedule 7) at that date.ewhere A and B are both bodies corporate at the effective date of the leaseback transaction, that they are not members of the same group for the purposes of group relief (see paragraph 1 of Schedule 7) at that date.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S. 57A inserted (with effect in accordance with Sch. 39 para. 26 of the amending Act) by Finance Act 2004 (c. 12), Sch. 39 para. 16 (which amending provision re-enacts, subject to certain changes, a corresponding amendment made by the now revoked Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816), see Sch. 39 para. 14)S. 57A(3)(aa)(b) substituted for s. 57A(3)(b) (with effect in accordance with Sch. 39 para. 13(3)-(6) of the amending Act) by Finance Act 2004 (c. 12), Sch. 39 para. 6(2)S. 57A(4) omitted (with effect in accordance with Sch. 39 para. 13(3)-(6) of the amending Act) by virtue of Finance Act 2004 (c. 12), Sch. 39 para. 6(4)S. 57A(3)(e) inserted (with effect in accordance with Sch. 39 para. 13(3)-(6) of the amending Act) by Finance Act 2004 (c. 12), Sch. 39 para. 6(3)Pt. 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)Pt. 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.Pt. 4 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 194(8)-(12)Words in s. 57A(3)(c) omitted (with effect in accordance with Sch. 39 para. 11 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 39 para. 4(a)Words in s. 57A(3)(c) inserted (with effect in accordance with Sch. 39 para. 11 of the amending Act) by Finance Act 2013 (c. 29), Sch. 39 para. 4(b)Pt. 4 applied (17.7.2014) by Finance Act 2014 (c. 26), ss. 223(8)(9)(d) Pt. 4 modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended (10.6.2021) by 2021 c. 26, s. 87(2))Pt. 4 modified (temp.) (10.6.2021) by 2020 c. 15, s. 1A (as inserted by Finance Act 2021 (c. 26), s. 87(3))Pt. 4 modified (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 28, 30 (with reg. 63)Pt. 4 applied (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 29(2)(5) (with reg. 63)