131 SDLT higher rate: properties occupied by certain employees etc
Finance Act 2016 (2016 c 24) | Legislation

131  SDLT higher rate: properties occupied by certain employees etc

(1)     Schedule 4A to FA 2003 (SDLT: higher rate for certain transactions) is amended as follows.

(2)     In paragraph 5D (dwellings for occupation by certain employees etc)—

(a)     in sub-paragraph (1), for “trade” substitute “business”;

(b)     in sub-paragraph (2)(b) for “trade” substitute “business”;

(c)     for sub-paragraph (4) substitute—

“(4)     Relievable business” means a trade or property rental business that is run on a commercial basis and with a view to profit.”

(3)     The heading before paragraph 5D becomes “Dwellings for occupation by certain employees etc of a relievable business”.

(4)     After paragraph 5E insert—

“Acquisition by management company of flat for occupation by caretaker

5EA

(1)     Paragraph 3 does not apply to a chargeable transaction so far as its subject-matter consists of a higher threshold

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