282. Chargeable transactions.

For stamp duty land tax (SDLT)1 purposes a land transaction is a transaction which consists of the acquisition of a chargeable interest in land in England and Wales or Northern Ireland2 and includes:


    (1)     an estate, interest, right or power in or over land in England and Wales or Northern Ireland; or


    (2)     the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power3.

Interests which are exempt from the charge include any security interest (such as a mortgage or charge), a licence to use or occupy land, and a tenancy at