Stamp Taxes Glossary - C

Chargeable consideration

Whatever is given by the purchaser to the vender for the interest acquired.

Chattels

items such as carpets and curtains that do not in law form part of the land. In Scotland called moveables.

Common hold

A new form of land ownership available in England and Wales as an alternative to the long lease ownership of flats and other types of inter-dependant properties.

Code of Practice 10 (COP10)

Covers information and advice on HMRC policy to help taxpayers, including businesses, to understand their rights & obligations, to get their tax affairs right and to pay their tax on time. This code of practice sets out the various ways in which we aim to achieve this. It includes 'pre-transaction guidance' and 'post-transaction rulings'.

Civil Partnership

An equality measure for same-sex couples, who are unable to marry. It provides for the legal recognition of same-sex partners who wish to enter into interdependent relationships that are intended to be permanent, and provides a framework whereby they acknowledge their mutual responsibilities and manage their financial arrangements.

Chain breaking company

A company that majors in the business of buying residential properties in order to enable the owners of that property to sell that property and purchase another following the withdrawal of an earlier prospective purchaser.

Certificate SDLT 5

A certificate (a “HMRC certificate”) that a land transaction return has been delivered to HM Revenue & Customs in respect of a notifiable land transaction. HM Revenue & Customs issue it to the purchaser. On production of the certificate to a land registry the transaction may be included in the register.

CREST

CREST is an electronic settlements system whereby its members can move shares and payments quickly thus keeping the stock market buoyant.