SCHEDULE 4Relief for certain acquisitions of residential property
PART 6Interpretation
Meaning of “refurbishment” and “the permitted amount”
28
The “permitted amount”, in relation to the refurbishment of a dwelling, is set out in the following table—
Consideration for acquisition of the dwelling | Permitted amount |
|---|---|
Not more than £200,000 | £10,000 |
More than £200,000 but not more than £400,000 | 5% of the consideration |
More than £400,000 | £20,000 |