Explanatory note

This Order exempts from the charge to stamp duty land tax, land transactions which are not entered into as mentioned in section 66(1) of the Finance Act 2003 (c. 14) (in relation to a reorganisation under a statutory provision where both the purchaser and vendor are public bodies) and are effected under paragraph A23, 4(2), 5(4B) or 8(2)(b) of Schedule 22 (transfer of land to local education authority) to the School Standards and Framework Act 1998 (c. 31) or section 27(2)(b) (transfer of land on removal of foundation or reduction in foundation governors) of the Education and Inspections Act 2006 (c. 40) if either the purchaser or the vendor is a public body within the meaning of section 66 of the Finance Act 2003 (c. 14).

A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.