Related Commentary  Related HMRC Manuals

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.

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