SCHEDULE 5Multiple dwellings relief

PART 4The relief

Calculation of relief

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The amount of tax chargeable in relation to a relevant transaction is—

( DT× ND ) + RTmath

where—

DT is the tax due in relation to a dwelling,

ND is the number of dwellings that are, or are part of, the main subject-matter of the transaction, and

RT is the tax due in relation to remaining property.