SCHEDULE 13RELIEF FOR ACQUISITIONS INVOLVING MULTIPLE DWELLINGS
Key terms
I14
1
““The consideration attributable to dwellings”” is—
a
for a single dwelling transaction, so much of the chargeable consideration for the transaction as is attributable to the dwelling;
b
for a multiple dwelling transaction, so much of the chargeable consideration for the transaction as is attributable to the dwellings in total.
2
““The remaining consideration”” is the chargeable consideration for the transaction less the consideration attributable to dwellings.
3
A relevant transaction is a ““single dwelling transaction”” if its main subject-matter consists of—
a
an interest in a dwelling, or
b
an interest in a dwelling and other property.
4
A relevant transaction is a ““multiple dwelling transaction”” if its main subject-matter consists of—
a
an interest in at least two dwellings, or
b
an interest in at least two dwellings and other property.
5
“"Attributable”” means attributable on a just and reasonable apportionment.