Section 109A Exemptions from stamp duty land taxF1

(1)

A land transaction effected by or in consequence of—

(a)

an amalgamation of two or more building societies under section 93; or

(b)

a transfer of engagements between building societies under section 94,

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.

Annotations

F1: S. 109A inserted (1.12.2003) by The Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003 (S.I. 2003/2867), reg. 1, Sch. para. 14