Part 1 Subsales

SCHEDULE 36 Stamp Duty: Contracts Chargeable as Conveyances: Supplementary Provisions

Section 115(7)

Part 1 Subsales

Introduction

1

This Part of this Schedule has effect for affording relief from duty under section 115 (contracts chargeable as conveyances) on a subsale.

Meaning of “subsaleâ€

2

For the purposes of this Schedule there is a subsale—

(a)     where the purchaser under a contract or agreement for the sale of an estate or interest in land in the United Kingdom (“the original saleâ€), without having obtained a conveyance of the property contracted to be sold, contracts to sell the whole or

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