(1) A land transaction effected by or in consequence of -

(a) an amalgamation of two or more friendly societies under section 85 [Section 85 has been amended by paragraph 95 of Part I of Schedule 3 to S.I. 2001/2617.and article 203 of S.I.2001/3649.],

(b) a transfer of the engagements of a friendly society under section 86 [Section 86 has been amended by paragraph 96 of Part I of Schedule 3 to S.I. 2001/2617.and article 201 of S.I.2001/3649.]; or

(c) a transfer of the engagements of a friendly society pursuant to a direction given by the appropriate authority under section 90 [Section 90 has been amended by paragraph 100 of Part I of Schedule 3 to S.I. 2001/2617 and article203 of S.I. 2001/3649.],

is exempt from charge for the purposes of stamp duty land tax.

(2) Relief under this section must be claimed in a land transaction return or an amendment of such a return.

(3) In this section -

"land transaction" has the meaning given by section 43(1) of the Finance Act 2003;

"land transaction return" has the meaning given by section 76(1) of that Act.