The acquisition of an option binding the grantor to enter into a land transaction is treated as a land transaction distinct from any land transaction resulting from the exercise of the option, though they may be ‘linked transactions’ within FA 2003, s. 108.

Similarly, the acquisition of a right of pre-emption preventing the grantor from entering into, or restricting the right of the grantor to enter into, a land transaction, is also treated as a land transaction distinct from any land transaction resulting from the exercise of the right.

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