Paragraph 26 Education Act 1997

After section 53 of the Education Act 1997^f1 insert—

“Stamp duty land tax

53A.

(1)

For the purposes of stamp duty land tax, a land transaction effected by virtue of section 30 is exempt from charge.

(2)

Relief under this section must be claimed in a land transaction return or an amendment of such a return.

(3)

In this paragraph—

• “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.”.