This section has no associated Explanatory Notes
5(1)If relief under this Schedule is claimed for a relevant transaction, the amount of tax chargeable in respect of the transaction is the sum of—E+W
(a)the tax related to the consideration attributable to dwellings, and
(b)the tax related to the remaining consideration (if any).
(2)If the whole or part of the chargeable consideration for a relevant transaction is rent, sub-paragraph (1) has effect subject to Part 5 of Schedule 6 (leases: calculation of tax chargeable).
Commencement Information
I1Sch. 13 para. 5 in force at 1.4.2018 by S.I. 2018/34, art. 3