1226. Anti-avoidance provisions; in general.

Anti-avoidance provisions apply1 where:

  1.  

    (1)     one person (V) disposes of a chargeable interest, and another person (P) acquires either it or a chargeable interest deriving from it2;

  2.  

    (2)     a number of transactions (including the disposal and acquisition) are involved in connection with the disposal and acquisition (the 'scheme transactions')3; and

  3.  

    (3)     the sum of the amounts of stamp duty land tax payable in respect of the scheme transactions is less than the amount that would be payable on a notional land transaction effecting the acquisition of V's chargeable interest by P on its disposal by V4.

Where the conditions set