97.Schedule 2A Paragraph 19 provides a power for the Treasury to make regulations to: (i) remove the requirement to deliver a land transaction return (where relief is being claimed) in certain cases (for both assignments of rights and free-standing transfers); and (ii) alter the condition that a relief has to be claimed for certain types of transaction/provide that the deeming provision for a notional land transaction (see paragraph 5) does not apply in certain cases. This power is subject to section 114 FA 2003.
Introduction Exclusion of transactions from duty to make returns etc