1209. Chargeable consideration; in general.

For the purposes of stamp duty land tax, the 'chargeable consideration' for a transaction1 is, except as otherwise expressly provided, any consideration in money or money's worth given for the subject matter of the transaction2, directly or indirectly, by the purchaser3 or a person connected with him4.

The chargeable consideration includes any value added tax chargeable in respect of the transaction other than value added tax chargeable by virtue of an option to tax any land under the Value Added Tax Act 19945 made after the effective date6 of the transaction7. The following do not count as chargeable consideration:

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    (1)     in the case