Scope: what is chargeable: exempt transactions: general FA03/S49(1)
All land transactions are chargeable to Stamp Duty Land Tax (SDLT) unless
- they are specifically exempted by the legislation
- they are for no chargeable consideration
What constitutes chargeable consideration is defined at FA03/S50 and FA03/SCH4.
There is guidance on this at SDLTM03700.
A list of exempt transactions is at SDLTM00520.
If a transaction is exempt there is no need to file a land transaction return.