# Finance Act 2003, Section 108: Linked transactions

Extent: E+W+S+N.I.

(1) Transactions are “linked” for the purposes of this Part if they form part of a single scheme, arrangement or series of transactions between the same vendor and purchaser or, in either case, persons connected with them.
Section 1122 of the Corporation Tax Act 2010 (connected persons) has effect for the purposes of this subsection
(1A) A transaction is not a linked transaction if —
(a) the transaction relates to land in Scotland, or
(b) the transaction relates to land in Wales (whether by virtue of section 48A(2) or otherwise).
(2) Where there are two or more linked transactions with the same effective date, the purchaser, or all of the purchasers if there is more than one, may make a single land transaction return as if all of those transactions that are notifiable were a single notifiable transaction.
(3) Where two or more purchasers make a single return in respect of linked transactions, section 103 (joint purchasers) applies as if—
(a) the transactions in question were a single transaction, and
(b) those purchasers were purchasers acting jointly.
(4) This section is subject to section 47(1).

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Source: https://www.legislation.gov.uk/ukpga/2003/14/section/108 (the official version)
Page: https://openlegislation.uk/finance-act-2003/section-108
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.