Stamp Duties Consolidation Act 1999 section 36

Certain contracts for sale of leasehold interests to be chargeable as conveyances on sale

Section 36 provided that certain contracts for the sale of leasehold interests were to be chargeable to stamp duty as conveyances on sale.

• Section 36 treated certain contracts for the sale of leasehold interests as if they were conveyances on sale for stamp duty purposes.
• This ensured that such contracts attracted the same stamp duty charge as an actual conveyance or transfer of the leasehold interest.
• The provision was part of the broader anti-avoidance framework preventing duty from being avoided by structuring transactions as contracts rather than conveyances.
• Section 36 was deleted in its entirety by section 82(1)(b) of the Finance (No. 2) Act 2008 and no longer has any operative effect.