The Act Part 2 – Key Concepts
15.Part 2 makes provision for the key concepts underlying the tax including:
	which transactions are land transactions,
	which interests are, and which are not, chargeable interests in land,
	when a chargeable interest is acquired and the treatment of transactions involving contracts which require to be completed by conveyance as well as other kinds of transaction,
	which land transactions are, and which are not, chargeable transactions,
	what is, and what is not, chargeable consideration in relation to a chargeable transaction.