Reliefs: Transfers in consequence of reorganisation of parliamentary constituencies
General overview FA03/S67
Relief from Stamp Duty Land Tax may be claimed by a new local constituency association where a land transaction is entered into as a consequence of an order specifying new parliamentary constituencies and the chargeable interest is transferred to it by a former local constituency association.
This allows for relief where parliamentary constituencies change and, in consequence of that change, the previous local constituency association transfers a chargeable interest to a new local constituency association.
This may be needed, for example, where an old constituency is split into two and two new associations are formed, or where two previous constituencies merge and one is formed.
Any chargeable interest transferred to either of the new associations is eligible forrelief.
The relief also allows for those occasions where the chargeable interest is temporarily transferred to a related body before eventual transfer to the new association.