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HMRC internal manual

Stamp Duty Land Tax Manual

Application: Bodies registered under the Industrial and Provident Societies Act 1965 (as amended)

Vesting of property in connection with the following provisions of the Industrial and Provident Societies Act 1965 (as amended) is not a land transaction and no Stamp Duty Land Tax (SDLT) is chargeable.

  • registration of a society under section 2
  • amalgamation of societies under section 50
  • conversion of a society into, or amalgamation with, a company under section 52
  • conversion of a company into a society under section 53

However, vesting of property in a society or a company in consequence of a transfer of engagements under section 51 or 52 is a land transaction. SDLT will be chargeable in these circumstances.