SDLTM09050 - Section 75A Finance Act 2003: Introduction and contents

(This page was amended on 15 January 2020)

The legislation relating to the application of Section 75A is contained within Section 75A, Section 75B and Section 75C Finance Act 2003. Unless indicated otherwise, all statutory references in this guidance are to Finance Act 2003.

1. SDLTM09060

   Commencement
2. SDLTM09070

   Requesting Advice
3. SDLTM09080

   Non-statutory clearances
4. SDLTM09090

   Intention and purpose of the legislation
5. SDLTM09100

   Application and approach: Section 75A (1)
6. SDLTM09110

   The notional transaction: Section 75A (4)
7. SDLTM09120

   Effective date of transaction: Section 75A (6)
8. SDLTM09130

   Identifying “V” and “P”: Section 75A (1)(a)
9. SDLTM09140

   Identifying V: Section 75A (1)(a)
10. SDLTM09150

    Identifying P: Section 75A (1)(a)
11. SDLTM09160

    How to identify P where there are multiple candidates: Section 75A (1)(a)
12. SDLTM09170

    Scheme Transactions: Section 75A (1)(b)
13. SDLTM09180

    Meaning of transaction: Section 75A (1)(b)
14. SDLTM09190

    Meaning of ‘involved in connection with’: Section 75A (1)(b)
15. SDLTM09200

    Examples of scheme transactions: Section 75A (3)(A)
16. SDLTM09210

    The notional land transaction: Section 75A (1)(c)
17. SDLTM09220

    The chargeable consideration: Section 75A (1)(c)
18. SDLTM09230

    The comparison test: Section 75A (1)(c)
19. SDLTM09240

    Incidental transactions: Section 75B
20. SDLTM09250

    What is not incidental: Section 75B(2)
21. SDLTM09260

    What could be incidental: Section 75B
22. SDLTM09270

    Supplementary provisions: Section 75C
23. SDLTM09280

    Transfer of shares or securities: Section 75C (1)
24. SDLTM09290

    Connected Companies, Section 53 FA03: Section 75C (6)
25. SDLTM09300

    Availability of relief: Section 75C (2)
26. SDLTM09310

    Transfer of an Undertaking: Section 75C (3)
27. SDLTM09320

    Consideration for certain transactions: Section 75C (4)
28. SDLTM09330

    Just and reasonable apportionment: Section 75C (5)
29. SDLTM09340

    Exchanges: Section 75C (7)
30. SDLTM09350

    Property Investment Partnership: Section 75C (8)
31. SDLTM09360

    Partnerships – Special Provisions: Section 75C (8A)
32. SDLTM09370

    SDLT paid for disregarded land transactions: Section 75C (10)
33. SDLTM09380

    Example 1 – company purchase and de-envelope
34. SDLTM09390

    Example 2 – partnership transfer
35. SDLTM09400

    Example 3 – Distribution by unit trust scheme
36. SDLTM09410

    Example 4 – Hive-out and sale of transferor
37. SDLTM09420

    Example 5 – De-enveloping from company
38. SDLTM09430

    Example 6 – Distribution followed by onward sale