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SDLTM09200 | Examples of scheme transactions: Section 75A (3)(A)

From HM Revenue & Customs · Stamp Duty Land Tax Manual

(This page was amended on 15 January 2020)

Section 75A(3) gives the following as examples of what scheme transactions may include:

  1. The acquisition by P of a lease deriving from a freehold owned or formerly owned by V;

  2. A sub-sale to a third person;

  3. The grant of a lease to a third person subject to a right to terminate;

  4. The exercise of a right to terminate a lease or to take some other action;

  5. An agreement not to exercise a right to terminate a lease or to take some other action;

  6. The variation of a right to terminate a lease or to take some other action.

The list provided is not exhaustive and other transaction types can be scheme transactions.