Textual Amendments
F1Sch. 4 para. 17 added (19.12.2003) by The Stamp Duty Land Tax (Amendment of Schedule 4 to the Finance Act 2003) Regulations 2003 (S.I. 2003/3293), regs. 1, 2(5)
17.(1)This paragraph applies in any case where arrangements are entered into under which—U.K.
[F2(a)there is a transfer, or the grant or assignment of a lease, of land by a qualifying body (“A”) to a non-qualifying body (“B”) (“the main transfer”),]
[F3(b)in consideration (whether in whole or in part) of the main transfer there is a grant by B to A of a lease or under-lease of the whole, or substantially the whole, of that land (“the leaseback”),]
(c)B undertakes to carry out works or provide services to A, and
(d)some or all of the consideration given by A to B for the carrying out of those works or the provision of those services is consideration in money,
[F4whether or not there is also a transfer, or the grant or assignment of a lease, of any other land by A to B (a “transfer of surplus land”).]
(2)The following are qualifying bodies—
(a)public bodies within section 66,
(b)institutions within the further education sector or the higher education sector within the meaning of 91 of the Further and Higher Education Act 1992,
(c)further education corporations within the meaning of section 17 of that Act,
[F5(ca)sixth form college corporations within the meaning of section 90 of that Act,]
(d)higher education corporations within the meaning section 90 of that Act,
(e)persons who undertake to establish and maintain, and carry on, or provide for the carrying on, of an Academy within the meaning of [F6section 1 of the Academies Act 2010] , and
(f)in Scotland, institutions funded by the Scottish Further Education Funding Council or the Scottish Higher Education Funding Council.
[F7(3)The following shall not count as chargeable consideration for the main transfer or any transfer of surplus land—
(a)the lease-back;
(b)the carrying out of building works by B for A; or
(c)the provision of services by B to A.
(4)The chargeable consideration for the lease back does not include—
(a)the main transfer;
(b)any transfer of surplus land; or
(c)the consideration in money paid by A to B for the building works or other services referred to in sub-paragraph (3).]
[F8(4A)Sub-paragraphs (3) and (4) shall be disregarded for the purposes of determining whether the land transaction in question is notifiable.]
F9(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)In this paragraph “under-lease” includes a sub-lease.]
Textual Amendments
F2Sch. 4 para. 17(1)(a)(b) substituted (7.4.2004) by The Stamp Duty Land Tax (Amendment of Part 4 of the Finance Act 2003) Regulations 2004 (S.I. 2004/1069), regs. 1, 4(3)(a)(i)
F3Sch. 4 para. 17(1)(b) substituted (27.4.2004) by The Stamp Duty Land Tax (Amendment of Part 4 of the Finance Act 2003) (No. 2) Regulations 2004 (S.I. 2004/1206), regs. 1, 3
F4Words in Sch. 4 para. 17(1) substituted (7.4.2004) by The Stamp Duty Land Tax (Amendment of Part 4 of the Finance Act 2003) Regulations 2004 (S.I. 2004/1069), regs. 1, 4(3)(a)(ii)
F5Sch. 4 para. 17(2)(ca) inserted (1.4.2010) by The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010 (S.I. 2010/1080), art. 1(2)(a), Sch. 1 para. 103 (with art. 2(3))
F6Words in Sch. 4 para. 17(2)(e) substituted (1.2.2012) by Education Act 2011 (c. 21), s. 82(3), Sch. 15 para. 1; S.I. 2012/84, art. 3
F7Sch. 4 para. 17(3)(4) substituted (7.4.2004) by The Stamp Duty Land Tax (Amendment of Part 4 of the Finance Act 2003) Regulations 2004 (S.I. 2004/1069), regs. 1, 4(3)(b)
F8Sch. 4 para. 17(4A) inserted (with effect in accordance with Sch. 39 para. 13(3)-(6) of the amending Act) by Finance Act 2004 (c. 12), Sch. 39 para. 9(3)
F9Sch. 4 para. 17(5) omitted (with effect in accordance with s. 29(4) of the amending Act) by virtue of Scotland Act 2012 (c. 11), s. 44(2)(b)(3)(b), Sch. 3 para. 24(4) (with s. 29(5)(6)); S.I. 2015/637, art. 2