[77A Exceptions for certain acquisitions of major interests in land]
Finance Act 2003 (2003 c 14) | Legislation

[77A  Exceptions for certain acquisitions of major interests in land]

[(1)     The exceptions referred to in section 77(1)(a) are as follows.

1     An acquisition which is exempt from charge under Schedule 3.

2     An acquisition (other than the grant, assignment or surrender of a lease) where the chargeable consideration for that acquisition, together with the chargeable consideration for any linked transactions, is less than £40,000.

3     The grant of a lease for a term of 7 years

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