66(1) A land transaction entered into on, or in consequence of, or in connection with, a reorganisation effected by or under a statutory provision is exempt from charge if the purchaser and vendor are both public bodies.
66(2) The Treasury may by order provide that a land transaction that is not entered into as mentioned in subsection (1) is exempt from charge if–
(a)the transaction is effected by or under a prescribed statutory provision, and
(b)either the purchaser or the vendor is a public body.
In this subsection “prescribed” means prescribed in an order made under this subsection.