128A. Obligation to retain records.

(1) In this section -

'records' includes books, accounts, documents and any other data maintained manually or by any electronic, photographic or other process, relating to -

(a) a liability to stamp duty, and

(b) a relief or any exemption claimed under any provision of this Act.

‘relevant person’ means -

(a) an accountable person, or

(b) a person that is required to deliver a statement to the Commissioners under Part 9;

‘return’ means -

(a) an electronic return,

(b) a paper return, or

(c) any statement that is required to be delivered to the Commissioners under Part 9.

(2) Every relevant person shall retain, or cause to be retained on his or her behalf, records of the type referred to in subsection (1) as are required to enable -

(a) a true return to be made for the purposes of this Act, and

(b) a claim to a relief or an exemption under any provision of this Act to be substantiated.

(3) Any records required to be retained by virtue of this section shall be retained -

(a) in its

…