SolvedSDLTM21520 | Outline of legislation
From HM Revenue & Customs · Stamp Duty Land Tax Manual
Outline of the legislation for pre-completion transactions
FA03/S45 introduces FA03/SCH2A which contains provisions about pre-completion transactions. The Schedule can be broken down into the following different areas.
| Paragraphs 1-3 | Introductory provisions and key definitions |
|---|---|
| Paragraphs 4-8 | Assignments of rights |
| Paragraphs 9-11 | Free-standing transfers |
| Paragraphs 12-14 | Minimum consideration rule |
| Paragraphs 15-18 | Relief for the transferor |
| Paragraph 19 | Power to make regulations |
| Paragraphs 20-21 | Additional definitions and interpretation |