Modification of schedule 5 to the Act
This section has no associated Policy Notes
8. For paragraphs 11 and 12 of schedule 5 to the Act (multiple dwellings relief), substitute—
“11. But where DT x ND is less than the minimum prescribed amount, the amount of tax chargeable in relation to the relevant transaction is—
where—
MPA is the minimum prescribed amount, and
RT is the tax due in relation to remaining property.
12. The minimum prescribed amount is such proportion as may be prescribed by the Scottish Ministers by order of—
where—
TT is the amount of tax that would be due in respect of the transaction but for this schedule, and
RT is the tax due in relation to remaining property.”.