Where the purchase of a chargeable interest is by way of a
vesting order made by the purchaser, the purchaser may claim relief
from Stamp Duty Land Tax, if the purchase is to facilitate
development by a third party.
In order to obtain relief, the purchaser must be the person
who made the vesting order. This would usually be the local
planning authority.
Any subsequent transfer of the chargeable interest to the
third party is subject to Stamp Duty Land Tax in the normal
way.
The term vesting order means an order made under any statutory provision, which authorises the purchase of a chargeable interest other than a purchase by agreement.
The purchase must be made to facilitate development of the land by a third party (that is, someone other than the maker of the vesting order) For Northern Ireland the term development has the same meaning as in Article 11 of the Planning (Northern Ireland) Order 1991.
