Where an individual purchases a site in connection with, or as part of, an arrangement to build a house or apartment on that site then stamp duty will be charged, subject to the reliefs referred to above, based on the aggregate amount of the site cost and the building cost at the appropriate residential property rate.
Stamp duty will be on market value of site at non residential rate- the combined situation ( site plus agreement to build) is really to do with all in one transactions i.e. you are buying a site from someone and that person is going to build the house e.g. a new development.
I agree that the wording of the Revenue Guide is not clear in this regard.
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