Paragraph 29 Access to Justice Act 1999

In Schedule 14 to the Access to Justice Act 1999^f1, after paragraph 34 insert—

“Transfer schemes: stamp duty land tax

34A.

(1)

For the purposes of stamp duty land tax, a land transaction effected by or in pursuance of a scheme under paragraph 33 is exempt from charge.

(2)

Relief under this paragraph 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.”.