P Ltd, a construction company, enters into a contract to acquire
a plot of land from V Ltd on 1 July 2004.
Under the terms of the contract, P Ltd is to pay £1m and
to build a new workshop for V Ltd on a plot of land owned by V Ltd
in a nearby town.
The cost of constructing the workshop is £750,000.
The chargeable consideration for stamp duty land tax is
£1,750,000.
P Ltd, a construction company, enters into a contract to acquire
a plot of land from a County Council on 1 July 2004 for a purchase
price of £5M.
As a condition of the sale P Ltd must construct a leisure
centre for the Council on part of the land after completion. The
value of the works is £1M.
The chargeable consideration for stamp duty land tax is
£5M.
