SDLTM00260 - Scope: What is chargeable

Land transactions: What is a land transaction FA03/S43(1)

Stamp duty land tax is charged on land transactions.

A land transaction means the acquisition of a chargeable interest in land located in the United Kingdom.

Chargeable interest is defined at FA03/S48(1). Guidance is at SDLTM00280.

What constitutes an acquisition is set out at FA03/S43. Guidance is at SDLTM00270.