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:

1.  

   (1)     in the case