Introduction Relief for the original purchaser in assignment of rights cases
76.Schedule 2A Paragraph 15 sets out the conditions for relief from SDLT where there is an assignment of rights.
77.Sub-paragraph (1) provides that relief is available if: (i) there is an assignment of rights and a person is liable to SLDT in respect of the notional land transaction (see paragraph 5(1)) or any additional land transaction (see paragraph 5(2)); and (ii) the original contract had not been substantially performed when the assignment of rights was entered into.
78.Sub-paragraph (2) sets out that no SDLT is chargeable on the notional land transaction or additional land transaction if relief is claimed under this paragraph.
79.Sub-paragraph (3) provides that relief is not available if the land transaction under paragraph 4 is exempt from charge by reason of the alternative property finance rules.
80.Sub-paragraph (4) sets out that any relief must be claimed by the submission of a land transaction return.