Paragraph 18 Further and Higher Education Act 1992

After section 88 of the Further and Higher Education Act 1992^f1 insert—

“Stamp duty land tax

88A.

(1)

A land transaction effected under or by virtue of section 25^f2, 27, 32^f3 or 34^f4 of this Act 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.”.