Section 77 — Finance Act 2003: Notifiable transactions

Notifiable transactions 77 1 A land transaction is notifiable if it is—

a an acquisition of a major interest in land that does not fall within one or more of the exceptions in section 77A, b an acquisition of a chargeable interest other than a major interest in land where there is chargeable consideration in respect of any part of which tax is chargeable at a rate of more than 0% or would be so chargeable but for a relief, c a land transaction that a person is treated as entering into by virtue of section 44A(3), ... d a notional land transaction under section 75A or e a notional or additional land transaction under paragraph 5 of Schedule 2A.

2 This section has effect subject to—

a sections 71A(7) ..., and b paragraph 30 of Schedule 15.

3 In this section “ relief ” does not include an exemption from charge under Schedule 3.