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.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.

Talk to us on live chat
Call an Expert: 0800 231 5199