SDLTM00510 | Scope: what is chargeable: exempt transactions: general FA03/S49(1)

In order to be a chargeable land transaction, there must be the acquisition of a chargeable interest (see SDLTM00280). Certain interests are exempt (see SDLTM00320). Land transactions involving the acquisition of a chargeable (ie non exempt) interest may still be specifically exempted by the legislation or eligible for one of the SDLT reliefs.

If all land transactions is

• specifically exempted by the legislation; or

• there is no need to file a land transaction return

See SDLTM03700 on chargeable consideration.

A list of exempt transactions is at SDLTM00520.

N.B. A return is always required when a relief is claimed