Just and reasonable apportionment
174.Paragraph 4 provides that where consideration is given in an agreement that comprises more than one land transaction or a land transaction and another matter, that consideration is to be apportioned to the (or each) relevant land transaction on a just and reasonable basis, and LTT will be assessed on the value of the consideration so apportioned. This would be relevant where, for example:
a buyer pays for the land and building and another amount to cover moveable items (such as white goods, curtains etc.); and
a contract covers the sale of land and an agreement for construction of buildings on the land.