Paragraph 31 Learning and Skills Act 2000

After section 94 of the Learning and Skills Act 2000^f1 insert—

“Stamp duty land tax

94A.

(1)

For the purposes of stamp duty land tax, a land transaction effected by a scheme under section 92 or 93 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 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.”.