This section has no associated Explanatory Notes
[F1 11 .SBut where DT x ND [F2or, as the case may be, ΣDT] is less than the minimum prescribed amount, the amount of tax chargeable in relation to the relevant transaction is—
where—
MPA is the minimum prescribed amount, and
RT is the tax due in relation to remaining property.]
Textual Amendments
F1Sch. 5 paras. 11, 12 substituted (1.4.2015) by S.S.I. 2015/123, arts. 1, 8
F2Words in sch. 5 para. 11 inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 2(1)(d)(iii), 5(2) (with s. 3)
Commencement Information
I1Sch. 5 para. 11 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2