SCHEDULE 5Multiple dwellings relief

PART 4The relief

Calculation of relief

I110

The amount of tax chargeable in relation to a relevant transaction F2other than one to which schedule 2A applies 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.

F410A

The amount of tax chargeable in relation to a relevant transaction to which schedule 2A applies is—

ΣDT + RTmath

where—

DT is the tax due in relation to each dwelling that is, or is part of, the main subject-matter of the transaction, and

RT is the tax due in relation to the remaining property.

I2F1 11

But where DT x ND F3or, 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—

MPA + RTmath

where—

  • MPA is the minimum prescribed amount, and

  • RT is the tax due in relation to remaining property.

I3 12

The minimum prescribed amount is such proportion as may be prescribed by the Scottish Ministers by order of—

TT − RTmath

where—

  • TT is the amount of tax that would be due in respect of the transaction but for this schedule, and

  • RT is the tax due in relation to remaining property.