For the purposes of stamp duty land tax (SDLT), with effect from 1 April 2018, an estate, interest, right or power in or over land in England or Northern Ireland; or the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power other than an exempt interest (section 48, Finance Act 2003). For information on SDLT, see Practice note, SDLT: overview.

For the purposes of land transaction tax (LTT), with effect from 1 April 2018, an estate, interest, right or power in or over land in Wales; or the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power, other than an exempt interest (section 4, Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017). For information on LTT, see Practice note, Welsh LTT: overview.

(Transactions in Welsh land with an effective date before 1 April 2018 were subject to SDLT (subject to transitional provisions). Transactions in Scotland with an effective date before 1 April 2015 were subject to SDLT (subject to transitional provisions).)