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HMRC internal manual

Stamp Duty Land Tax Manual

Reliefs: Alternative property finance

Land sold to financial institution and re-sold to individual: Detailed rulesFA03/S73(1)

To take advantage of this relief, arrangements must be entered into between anindividual and a financial institution as follows

  • the financial institution purchases a major interest in land - the first transaction
  • sells that interest to the individual, that is sells the whole of the major interest obtained to the individual - the second transaction
  • the individual grants the financial institution a legal mortgage over that interest