Article 2 Prescribed Statutory Provisions

A land transaction that is not entered into as mentioned in section 66(1) of the Finance Act 2003 is exempt from charge to stamp duty land tax if—

(a)

the transaction is effected—

(i)

under paragraph A23(2), 4(2), 5(4B) or 8(2)(b) of Schedule 22 to the School Standards and Framework Act 1998^f1 (transfer of land to local education authority), or

(ii)

by a transfer required by virtue of regulations made under section 27(2)(b) of the Education and Inspections Act 2006^f2 (transfer of land on removal of foundation or reduction in foundation governors), and

(b)

either the purchaser or the vendor is a public body.

Annotations

Footnotes

f1: 1998 c. 31. Paragraph A23 was inserted by paragraphs 1 and 2 of Schedule 4 to the Education and Inspections Act 2006 (c. 40). Paragraph 4(2) was amended by paragraphs 1 and 8(1) and (3) of Schedule 4 to the Education and Inspections Act 2006. Paragraph 5(4B) was inserted by paragraph 6 of Schedule 17 to the Education Act 2005 (c. 18) and was amended by paragraph 9 of Schedule 4 to the Education and Inspections Act 2006 (c. 40). Paragraph 8(2)(b) was amended by paragraphs 1 and 12 of Schedule 4 to the Education and Inspections Act 2006.
f2: 2006 c. 40.