SDLTM00510 - Scope: what is chargeable: exempt transactions: general FA03/S49(1)
In order to be a chargeable land transaction, there must be the acquisition of a chargeable interest (see SDLTM00280). Certain interests are exempt (see SDLTM00320). Land transactions involving the acquisition of a chargeable (ie non exempt) interest may still be specifically exempted by the legislation or eligible for one of the SDLT reliefs.
If all land transactions is
- specifically exempted by the legislation; or
- there is no need to file a land transaction return
See SDLTM03700 on chargeable consideration.
A list of exempt transactions is at SDLTM00520.
N.B. A return is always required when a relief is claimed