Q&As

A contracts to sell land to B. B then contracts to sell the land to C. A transfers the land to C at the direction of B. Who is the 'vendor' of the land for the purposes of the Land Transaction Return—A or B?

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Published by a ÑÇÖÞÉ«ÇéÍø Tax expert
Published on: 03 November 2016
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The pre-completion transaction rules (PCT rules) include a number of defined terms. For an explanation of these, see Practice Note: SDLT—pre-completion transactions—Defined terms under PCT rules.

The rules are different for assignments of rights (see paragraph 8 of Schedule 2A to the Finance Act 2003 (FA 2003) (FA 2003, Sch 2A,

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