Paragraph 2 Metropolitan Commons Act 1866

After section 32 of the Metropolitan Commons Act 1866^f1 insert—

“Stamp duty land tax

33.

(1)

A land transaction effected in pursuance of a grant under section 32 above 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.”.