The tax due in relation to remaining property is determined as follows.

• Step 1 Calculate the amount of tax that would be due in respect of the transaction but for this schedule.

• Step 2 Divide the consideration attributable to remaining property by the chargeable consideration for the transaction.

• Step 3 Multiply the amount calculated in Step 1 by the fraction reached in Step 2. The result is the tax due in relation to remaining property.