SCHEDULE 13RELIEF FOR ACQUISITIONS INVOLVING MULTIPLE DWELLINGS
4Key terms
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.