127 SDLT: calculating tax on non-residential and mixed transactions
Finance Act 2016 (2016 c 24) | Legislation

Part 8 SDLT and ATED

Stamp Duty Land Tax

127  SDLT: calculating tax on non-residential and mixed transactions

(1)     Section 55 of FA 2003 (general rules on calculating the amount of stamp duty land tax chargeable) is amended in accordance with subsections (2) to (7).

(2)     In subsection (1) for “, (1C) and (2)” substitute “and (1C)”.

(3)     In subsection (1B)—

(a)     omit the words from “the relevant land” to “and”,

(b)     in Step 1—

(i)     for “Table A” substitute “the appropriate table”,

(ii)     for “that Table” substitute “the appropriate table”,

(iii)     at the end insert—

““The “appropriate table” is—

(a)     Table A, if the relevant land consists entirely of residential property, and

(b)     Table B, if the relevant land consists of or includes land that is not residential property.”, and

(c)     after Table A insert—

“TABLE B: NON-RESIDENTIAL OR MIXED
Relevant considerationPercentage
So much as does not exceed £150,0000%
So much as exceeds £150,000 but does not exceed £250,0002%
The
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