SCHEDULES
SCHEDULE 35Stamp duty land tax: higher rate for certain transactions
Minor and consequential amendments
6
1
Section 109 (general power to vary Part 4 of FA 2003 by regulations) is amended as follows.
2
After subsection (2) insert—
2A
The power under subsection (2)(b) includes power to alter the conditions for the application to a chargeable transaction of paragraph 3 of Schedule 4A (higher rate for certain transactions), other than the condition that the transaction must be a high-value residential transaction.
3
In subsection (3)—
a
for “subsection (2)(b),” substitute “
subsections (2)(b) and (2A),
”
,
b
omit the “or” at the end of paragraph (a), and
c
after that paragraph insert—
aa
section 74(1A) (exercise of collective rights by tenants of flats),
ab
Schedule 4A (amount of tax chargeable: high-value interests in dwellings), or
7
1
Schedule 5 (amount of tax chargeable: rent) is amended as follows.
2
In paragraph 9—
a
in sub-paragraph (4)—
i
after “section 55” insert “
or 74(1A)
”
, and
ii
after “Schedule” (in the second place it occurs) insert “
4A or
”
, and
b
in sub-paragraph (5)—
i
for “that section” substitute “
section 55
”
, and
ii
after “Schedule” (in the second place it occurs) insert “
6B
”
.
3
In paragraph 9A(1), for “where there is chargeable consideration other than rent.” substitute
where—
a
there is chargeable consideration other than rent, and
b
section 55 (amount of tax chargeable: general) applies to the transaction (whether as a result of paragraph 2 of Schedule 4A or otherwise).
8
In paragraph 2(4) of Schedule 6B (transfers involving multiple dwellings)—
a
omit the “or” at the end of paragraph (a), and
b
after that paragraph insert—
aa
paragraph 3 of Schedule 4A applies to it, or
9
1
Schedule 15 (partnerships) is amended as follows.
2
In paragraphs 11(2C) and 19(2C), in the substituted sub-paragraph (4)—
a
after “section 55” insert “
or 74(1A)
”
, and
b
after “Schedule” (in the second place it occurs) insert “
4A or
”
.
3
In paragraph 30(2)—
a
for “either or both” substitute “
one or more
”
, and
b
after paragraph (a) insert—
aa
paragraph 3 of Schedule 4A applies to the transaction;