Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Stamp Duty Land Tax Manual

Scope: When is Stamp Duty Land Tax (SDLT) chargeable: Options and rights of pre-emption FA03/S46(3)

Options and rights of pre-emption are chargeable when they are acquired, not when they become exercisable.

On exercise of an option or right of pre-emption, a distinct, although probably linked, transaction arises and this is chargeable to SDLT in its own right.

See also SDLTM01300.