ABSTRACT
This chapter deals with circumstances where a Land Transaction Return (LTR), a further LTR, or a supplementary LTR, are required. It deals with the different computations potentially needed in these circumstances, linked transactions and transactions between spouses and civil partners. A Private Finance Initiative (PFI) project involves the sale or lease of land by a public body to a private sector body which, then, leases back the land. These transactions also include, where appropriate, Public Private Partnerships (PPP). In the case of Right to Buy (RTB) transactions, the relief operates by excluding any contingent consideration which may occur. Under self-assessment regulations, the claimant has to prove that the property qualifies under Standard Assessment Procedure (SAP) 17A Building Regulations 2000. In the case of rent to loan, Stamp Duty Land Tax (SDLT) is limited to that payable if the consideration was calculated under s 62 of Housing Act 1987 rather than the actual purchase price.
