1199. Stamp duty land tax.

Stamp duty land tax is charged1 on land transactions2. The tax is chargeable:

  1.  

    (1)     whether or not there is any instrument affecting the transaction;

  2.  

    (2)     if there is such an instrument, whether or not it is executed in the United Kingdom3; and

  3.  

    (3)     whether or not any party to the transaction is present, or resident, in the United Kingdom