1213. Amount or value of chargeable consideration.

For the purposes of the stamp duty land tax, the amount or value of the chargeable consideration for a transaction1 is determined without any discount for postponement of the right to receive it or any part of it2.

Except as otherwise expressly provided, the value of any chargeable consideration for a land transaction3, other than money (whether in sterling or another currency) or debt4, is taken to be its market value5 at the effective date of the transaction6.

Where the chargeable consideration for a land transaction consists in whole or in part of:

  1.  

    (1)     the satisfaction or release of debt7 (either