Q&As

Does an equitable interest constitute a major interest for the purposes of the higher 3% rates of stamp duty land tax?

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Published by a LexisNexis Tax expert
Published on: 26 February 2020

A major interest in land in England is defined for stamp duty land tax (SDLT) purposes as an estate in fee simple absolute or a term of years absolute whether subsisting at law or in equity.

For

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Jurisdiction(s):
United Kingdom
Key definition:
Stamp duty definition
What does Stamp duty mean?

A transfer tax payable on documents and instruments, rather than in respect of a transaction. It is most commonly encountered on the transfer of UK certificated shares, where the stock transfer form is the instrument that is stamped.

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