Section 34 Agreements in connection with, or in contemplation of, sale

This section provides that where a vendor enters into an agreement for the grant of a lease for a term exceeding 35 years or enters into an agreement to give other rights in relation to the property, the subsequent conveyance or transfer (including a conveyance or transfer effecting an exchange executed on or after 20 November 2008) with the benefit of the agreement, will be charged to stamp duty on the basis of the value of the property and in ascertaining the value of the property the value of the agreement for the grant of the lease or for the grant of other rights, as the case may be, is disregarded.

Relevant Date: Finance Act 2014