A land transaction entry into which is effected 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 the vendor are public bodies (s. 66(1)).

The Treasury may by order provide that a land transaction that does not fall within this definition shall nevertheless be exempt from charge where the transaction is effected by or under a prescribed statutory provision and either the purchaser or the vendor is a public body (s. 66(2)).

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