Chapter SDLTM00270

Published date19 March 2016
Record NumberSDLTM00270
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

An acquisition can take the form of the creation, surrender, release or variation of a chargeable interest.

Exceptions from a grant and reservations out of a grant, for example the reservation of an easement, are not themselves land transactions for SDLT purposes. This is notwithstanding the fact that in conveyancing theory a reservation operates by way of re-grant.

It follows that the presence of an exception or reservation does not of itself mean that there is an exchange. See SDLTM01410 for further details in exchanges.

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