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SDLTM09180 | Meaning of transaction: Section 75A (1)(b)

From HM Revenue & Customs · Stamp Duty Land Tax Manual

(This page was introduced on 15 January 2020)

The word “transaction” is not defined in the legislation and is given its ordinary meaning.

Sub-section (2) of Section 75A specifically includes, but is not limited to, certain matters within the meaning of transaction:

  • A non-land transaction,

  • Any kind of agreement, offer or undertaking not to take a specified action,

  • Any kind of arrangement whether or not it could otherwise be described as a transaction,

  • A transaction which takes place after the acquisition by P of the chargeable interest.