Introduction Summary
1.Section 195 introduces Schedule 37 which retains relief for intermediate purchasers where rights under a land transaction are transferred by way of: (i) an assignment of rights; and/or (ii) qualifying subsale. It charges the end purchaser with Stamp Duty Land Tax (SDLT). It specifies the types of transactions which qualify for relief and also clarifies the legislation to protect against avoidance schemes which seek to circumvent the charge to SDLT.