SDLTM09180 - Meaning of transaction: Section 75A (1)(b)

(This page was introduced on 15 January 2020)

The word “transaction” is not defined in the legislation and is given its ordinary meaning.

Sub-section (2) of Section 75A specifically includes, but is not limited to, certain matters within the meaning of transaction:

• A non-land transaction,
• Any kind of agreement, offer or undertaking not to take a specified action,
• Any kind of arrangement whether or not it could otherwise be described as a transaction,
• A transaction which takes place after the acquisition by P of the chargeable interest.