SDLTM01410 - Scope: What is chargeable

Exchanges FA03/S47 and FA03/SCH4/PARA5

Where a transaction involves the exchange of land, then for stamp duty land tax purposes, this is treated as two separate transactions.

This applies regardless of how the transactions are structured so that the single sale route previously recognised by HM Revenue & Customs will no longer be available.

FA03/SCH4/PARA5 sets out the method of calculation of stamp duty land tax in cases where consideration is satisfied wholly or partly by entering into a separate transaction as vendor. There is guidance on this at SDLTM04020.

There are special rules for certain exchanges of residential property and these are set out at SDLTM21000+.