Tax due in relation to a dwellingS
13SThe tax due in relation to a dwelling is determined as follows.
Step 1 Find the total consideration attributable to dwellings, that is—
(a)the consideration attributable to dwellings for the transaction, or
(b)where the transaction is one of a number of linked transactions, the sum of—
(i)the consideration attributable to dwellings for the transaction, and
(ii)the consideration attributable to dwellings for all other relevant transactions.
Step 2 Divide the total consideration attributable to dwellings by total dwellings.“Total dwellings” is the total number of dwellings by reference to which the total consideration attributable to dwellings is calculated.
Step 3 Calculate the amount of tax that would be due in relation to the relevant transaction were—
(a)the chargeable consideration equal to the result obtained in Step 2,
(b)the transaction a residential property transaction, and
(c)the transaction not a linked transaction.
The result is the tax due in relation to a dwelling.
[F1Step 4 In the case of a relevant transaction to which schedule 2A applies, carry out Step 3 (taking account of any relief applicable to the transaction under paragraph 9 of that schedule) in relation to each dwelling that is, or is part of, the main subject-matter of the transaction to find the tax due in relation to each dwelling. ]
Textual Amendments
F1Words in Sch. 5 para. 13 inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 2(1)(d)(iv), 5(2) (with s. 3)
Commencement Information
I1 Sch. 5 para. 13 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2