Section 49

NO CHARGEABLE CONSIDERATION

Related Commentary  Related CasesRelated HMRC Manuals

1  A land transaction is exempt from charge if there is no chargeable consideration for the transaction.

Cross references

S. 53(4): para. 1 not applicable where s. 53 (deemed market value where transaction involves connected company) applies.

Sch. 15, para. 25: para. 1 does not apply where one of Sch. 15, para. 10, 14, 17 or 18 (special provisions applicable to partnership transactions) applies.


GRANT OF CERTAIN LEASES BY REGISTERED SOCIAL LANDLORDS

Related Commentary  

2(1)  The grant of a lease of a dwelling is exempt from charge if the lease–

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