1237. Application of stamp duty land tax provisions to trusts and powers.

Where a person acquires a chargeable interest, or an interest in a partnership, as bare trustee1, the stamp duty land tax provisions2 apply as if the interest were vested in, and the acts of the trustee in relation to it were the acts of, the person or persons for whom he is trustee3. This provision does not apply in relation to the grant of a lease4. Instead, where a lease is granted to a person as bare trustee, he is treated for the purposes of the stamp duty land tax provisions (as they apply in relation to the grant