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65. Stamp duty land tax (prevention of avoidance: subsales etc.)

Volume 542: debated on Monday 26 March 2012



(1) In section 45 of the Finance Act 2003 (contract and conveyance: effect of transfer of rights), after subsection (1) insert—

“(1A) The reference in subsection (1)(b) to an assignment, subsale or other transaction does not include the grant or assignment of an option.”

(2) The amendment made by this Resolution has effect in relation to grants or assignments of options on or after 21 March 2012.

And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.