PART I GENERAL

Rates

F18FCDownsizing addition: effect: section 8E case

(1)

Subsection (2) applies if—

(a)

as a result of section 8FA, there is entitlement to a downsizing addition in calculating the person's residence nil-rate amount, and

(b)

the person's residence nil-rate amount is given by section 8E.

(2)

Section 8E has effect as if, in subsections (2) to (5) of that section, each reference to NV/100 were a reference to the total of—

(a)

NV/100, and

(b)

the downsizing addition.