SDLTM49700 -
Commencement and transitional provisions
Miscellaneous transitional provisions
FA03/SCH19/PARA6(1) provides that
contracts subject to stamp duty under FA99/SCH13/PARA7 (equitable
interests, &c) are deemed to have been duly stamped if they are
completed by a stamp duty land tax transaction.
FA03/SCH19/PARA6(2) and
FA03/SCH19/PARA6(3) deal with transitional provisions for group
relief and acquisitions relief. See
SDLTM23000+.
FA03/SCH19/PARA7 makes provision for
transactions which are not themselves stamp duty land tax
transactions but are linked to stamp duty land tax
transactions.
FA03/SCH19/PARA9 makes provision for
options and rights of pre-emption acquired before implementation
date and exercised on or after implementation date.
Such an acquisition, and any variation of the
option or right, is treated as linked with the land transaction
resulting from the exercise of the option or right.
Where the option or right was acquired on or after
17 April 2003 any consideration for the acquisition is treated as
part of the chargeable consideration for the transaction arising
from the exercise of the option or right.
Where the option or right was varied on or after
17 April 2003 but before implementation date any consideration for
the variation is treated as part of the chargeable consideration
for the transaction arising from the exercise of the option or
right.
