Q&As

A contracts to sell land to B. B then contracts to sell the land to C. A transfers the land to C at the direction of B. Who is the 'vendor' of the land for the purposes of the Land Transaction Return—A or B?

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Published on LexisPSL on 03/11/2016

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • A contracts to sell land to B. B then contracts to sell the land to C. A transfers the land to C at the direction of B. Who is the 'vendor' of the land for the purposes of the Land Transaction Return—A or B?

The pre-completion transaction rules (PCT rules) include a number of defined terms. For an explanation of these, see Practice Note: SDLT—pre-completion transactions—Defined terms under PCT rules.

The rules are different for assignments of rights (see paragraph 8 of Schedule 2A to the Finance Act 2003 (FA 2003) (FA 2003, Sch 2A, para 8)) and free-standing transfers (see FA 2003, Sch 2A, paras 10, 11).

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