128 SDLT: higher rates for additional dwellings etc
Finance Act 2016 (2016 c 24) | Legislation

128  SDLT: higher rates for additional dwellings etc

(1)     FA 2003 is amended in accordance with subsections (2) to (4).

(2)     In section 55 (amount of tax chargeable: general) after subsection (4) insert—

“(4A)     Schedule 4ZA (higher rates for additional dwellings and dwellings purchased by companies) modifies this section as it applies for the purpose of determining the amount of tax chargeable in respect of certain transactions involving major interests in dwellings.”

(3)     After Schedule 4 insert—

“SCHEDULE 4ZA
Stamp Duty Land Tax: Higher Rates for Additional Dwellings and Dwellings Purchased by Companies

Part 1
Higher Rates

1

(1)     In its application for the purpose of determining the amount of tax chargeable in respect of a chargeable transaction which is a higher rates transaction, section 55 (amount of tax chargeable: general) has effect with the modification in sub-paragraph (2).

(2)     In subsection (1B) of section 55, for Table A substitute—

“TABLE A: RESIDENTIAL
Relevant considerationPercentage
So much as does not exceed £125,0003%
So much as exceeds £125,000 but does not exceed £250,0005%
So much as exceeds £250,000 but does not exceed £925,0008%
So much as exceeds £925,000 but does not exceed £1,500,00013%
The
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