SDLTM09320 - Consideration for certain transactions: Section 75C (4)

(This page was introduced on 15 January 2020)

When calculating the chargeable consideration for the notional transaction, any amounts paid as consideration for a transaction which falls within the following Sections or schedules is to be disregarded:

• Section 60 – Compulsory purchase facilitating development, see SDLTM22000
• Section 61 – Compliance with planning obligations, see SDLTM22500
• Section 63 – Demutualisation of insurance company, see SDLTM23500
• Section 64 – Demutualisation of building society, see SDLTM24000
• Section 65 – Incorporation of limited liability partnership, see SDLTM24500
• Section 66 – Transfers involving public bodies, see SDLTM25000
• Section 67 – Transfer in consequence of reorganisation of parliamentary constituencies, see SDLTM25500
• Section 69 – Acquisition by bodies established for national purposes, see SDLTM26500
• Section 71 – Certain acquisitions by registered social landlord, see SDLTM27500
• Section 74 – Exercise of collective rights by tenants of flats, see SDLTM28500
• Section 75 – Crofting community right to buy, see SDLTM29000
• Schedule 6A – Relief for certain acquisitions of residential property, see SDLTM21000
• Schedule 8 – Charities relief, see SDLTM26000

Note that while the consideration for a transaction under a section or schedule above is disregarded, the transaction may still comprise a scheme transaction.