For the purposes of stamp duty land tax (SDLT), any security interest; licence to use or occupy land; tenancy at will; advowson (a perpetual right of presentation to an ecclesiastical living); franchise or lordship of the manor (section 48(2), Finance Act 2003). For more information, see Practice note, SDLT: reliefs and exemptions: Exempt interests.

For the purposes of land transaction tax (LTT), exempt interests are any security interest; licence to use or occupy land; tenancy at will; franchise or manor (section 5, Land Transaction tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017). For more information, see Practice note, Welsh LTT: reliefs and exemptions: Exempt interests.