Chargeable transactions
Part 4 Stamp duty land tax
(1)A land transaction is a chargeable transaction if it is not a transaction that is exempt from charge.
(2)Schedule 3 provides for certain transactions to be exempt from charge.
Other transactions are exempt from charge under other provisions of this Part.
(1) In this Part a “land transaction” means any acquisition of a chargeable interest. As to the meaning of “chargeable interest” see section 48.
Defined in s.43(1) · see it in the full ActSection 49 was applied to treat the acquisition as chargeable because no Schedule 3 exemption applied. (see para [22])
Governs whether a land transaction is chargeable to SDLT. The court stated that the transactions in the appeals were chargeable transactions. (see para [3])
Provides that a transaction is chargeable unless exempt. The transaction was not exempt, so SDLT was chargeable (see para [13]).
What each judgment says about section 49 is in the case-law panel in the full Act.