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SCHEDULE 5Multiple dwellings relief

PART 4The relief

Calculation of relief

10The amount of tax chargeable in relation to a relevant transaction is—

(DT × ND) + RT

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.

11However, if the result of paragraph 10 would be that the tax chargeable in relation to the transaction is less than the minimum prescribed amount, the tax chargeable is that amount.

12The 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.

Tax due in relation to a dwelling

13The tax due in relation to a dwelling is determined as follows.

Tax due in relation to remaining property

14The tax due in relation to remaining property is determined as follows.

General

15“Attributable” means attributable on a just and reasonable basis.