18. After section 88 of the Further and Higher Education Act 1992(1) insert—
88A.—(1) A land transaction effected under or by virtue of section 25(2), 27, 32(3) or 34(4) of this Act is exempt from charge for the purposes of stamp duty land tax.
(2) Relief under this section must be claimed in a land transaction return or an amendment of such a return.
(3) In this section—
“land transaction” has the meaning given by section 43(1) of the Finance Act 2003;
“land transaction return” has the meaning given by section 76(1) of that Act.”.
Section 25 was substituted by paragraph 36 of Schedule 30 to the School Standards and Framework Act 1998 (c. 31).
There is an amendment to section 32 which is not relevant for present purposes.
Section 34 was amended by section 132 of the School Standards and Framework Act 1998 and modified by regulation 9 of S.I. 2000/3209.