SCHEDULE 5Multiple dwellings relief

PART 4The relief

Calculation of relief

10

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.

F111

But where DT x ND 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.

Annotations:
Amendments (Textual)
F1

Sch. 5 paras. 11, 12 substituted (1.4.2015) by S.S.I. 2015/123, arts. 1, 8

I112

The minimum prescribed amount is such proportion of the tax that would be chargeable in relation to the transaction but for the relief as may be prescribed by the Scottish Ministers by order.