PART 3Calculation of tax and reliefs

Amount of tax chargeable

25Amount of tax chargeable

(1)The amount of tax chargeable in respect of a chargeable transaction is to be determined as follows.

(2)In the case of a transaction for which the whole or part of the chargeable consideration is rent this section has effect subject to schedule 19 (leases).

(3)This section is subject to—

(a)schedule 5 (multiple dwellings relief),

(b)schedule 9 (crofting community right to buy relief),

(c)Part 3 of schedule 11 (acquisition relief).