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Misc. 321: HMRC guidance of 11 October 2010: “Group relief for stamp duty land tax and stamp duty: partnerships”.


GROUP RELIEF

Related Commentary  Related HMRC Manuals

1(1)  A transaction is exempt from charge if the vendor and purchaser are companies that at the effective date of the transaction are members of the same group.

1(2)  For the purposes of group relief–

(a)company”  means a body corporate, and

(b)companies are members of the same group if one is the 75% subsidiary of the other or both are 75% subsidiaries of a third company.

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