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Section 105A Stamp duty land taxF1

(1)

A land transaction effected by or in consequence of—

(a)

an amalgamation of two or more friendly societies under section 85,

(b)

a transfer of the engagements of a friendly society under section 86; or

(c)

a transfer of the engagements of a friendly society pursuant to a direction given by the F2appropriate authority under section 90,

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

Textual amendments

F1

S. 105A inserted (1.12.2003) by The Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003 (S.I. 2003/2867), reg. 1, Sch. para. 20

F2

Words in s. 105A(1)(c) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 44 (with Sch. 12)