PART 2Excise duties and other taxes
Stamp duty land tax and annual tax on enveloped dwellings
110ATED: further reduction in threshold from 1 April 2016
(1)
Part 3 of FA 2013 (annual tax on enveloped dwellings) is amended as follows.
(2)
In section 94(2)(a) (charge to tax), for “£1 million” substitute “
£500,000
”
.
(3)
In section 99 (amount of tax chargeable), in the table in subsection (4), before the first entry insert—
“£3,500
More than £500,000 but not more than £1 million.”
(4)
The amendments made by this section have effect for chargeable periods beginning on or after 1 April 2016.