Paragraph 6

United Kingdom

(1)

This paragraph applies if—

(a)

the first transaction relates to an interest in land in F1England F2... or Northern Ireland, and

(b)

each of conditions A to C is met before the end of the period of 30 days beginning with the effective date of that transaction.

(2)

Where this paragraph applies the first transaction is exempt from charge to stamp duty land tax.

(3)

Where the interest in the land is replaced as the bond asset by an interest in other land, this paragraph is subject to paragraph 18.

(4)

This paragraph is also subject to paragraph 20.

Annotations

F1: Words in Sch. 61 para. 6(1)(a) substituted (with effect in accordance with s. 29(4) of the amending Act) by Scotland Act 2012 (c. 11), s. 44(2)(b)(3)(b), Sch. 3 para. 31(8) (with s. 29(5)(6)); S.I. 2015/637, art. 2
F2: Words in Sch. 61 para. 6(1)(a) omitted (1.4.2018 with effect in accordance with s. 16(4)(5) of the amending Act) by virtue of Wales Act 2014 (c. 29), s. 29(2)(b)(3), Sch. 2 para. 15; S.I. 2018/214, art. 2(a)