# The Variation of Stamp Duties Regulations 2001, Regulation 3: Instruments to which regulation 4 applies


(1) Regulation 4 applies to an instrument if it is—
(a) a conveyance or transfer on sale of an estate or interest in land, or
(b) a lease of land,
and the condition in paragraph (2) is satisfied in the case of the instrument.
(2) The condition in this paragraph is satisfied in the case of an instrument if, apart from section 92(1) and paragraphs 1 and 3 of Schedule 30—
(a) the amount or value of the relevant consideration exceeds £150,000; or
(b) the instrument could not be certified under paragraph 4 of Schedule 13 to the Finance Act 1999 at £150,000 or under if that threshold were specified in the Table in that paragraph.
(3) In paragraph (2)(a) “the relevant consideration” means—
(a) in the case of a conveyance or transfer on sale, the consideration for the sale; and
(b) in the case of a lease of land, any qualifying premium.
(4) In this regulation “conveyance on sale” has the same meaning as in Part 1 of Schedule 13 to the Finance Act 1999 (see paragraph 1(2) of that Schedule).

---
Source: https://www.legislation.gov.uk/uksi/2001/3746/regulation/3 (the official version)
Page: https://openlegislation.uk/variation-of-stamp-duties-regulations-2001/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.