Section 77 | Notifiable transactions ^F1

(1)A land transaction is notifiable if it is—

(a)an acquisition of a major interest in land that does not fall within one or more of the exceptions in section 77A,

(b)an acquisition of a chargeable interest other than a major interest in land where there is chargeable consideration in respect of any part of which tax is chargeable at a rate of more than 0% or would be so chargeable but for a relief,^F2

(c)a land transaction that a person is treated as entering into by virtue of section 44A(3), ...^F3

(d)a notional land transaction under section 75A or^F4

(e)a notional or additional land transaction under paragraph 5 of Schedule 2A.^F4

(2)This section has effect subject to—

(a)sections 71A(7) ..., and^F5

(b)paragraph 30 of Schedule 15.

(3)In this section “relief” does not include an exemption from charge under Schedule 3.