For the purposes of stamp duty land tax1, 'chargeable interest' means:
(1) an estate, interest, right or power in or over land in England2; or
(2) the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power3,
other than an exempt interest4. An 'exempt interest' is:
(a) any security interest5;
(b) a licence to use or occupy land6;
(c) a tenancy at will, an advowson, a franchise or a manor7.
Additional provision about exempt interests is made in relation to alternative finance arrangements8.
For the purposes of stamp duty land tax:
(i) the creation
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