If, within three years of the transaction for which charities relief was claimed, or if in pursuance of, or in connection with, an arrangement is entered into within that period
and the purchaser holds
then the relief granted, or an appropriate proportion of the
relief, is withdrawn and stamp duty land tax is chargeable.
The amount chargeable is the stamp duty land tax which would have been chargeable in respect of the relevant land transaction if charities relief had not applied or, as the case may be, an appropriate proportion of that stamp duty land tax.
An appropriate proportion is calculated having regard to
A new land transaction return and payment of the tax should be made. See SDLTM50400.