Finance Act 2003, Cross Heading: Meaning of “higher threshold interest” is up to date with all changes known to be in force on or before 03 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Textual Amendments
F1Sch. 4A inserted (with effect in accordance with Sch. 35 para. 10 of the amending Act) by Finance Act 2012 (c. 14), Sch. 35 para. 4
1(1)In this paragraph “interest in a single dwelling” means so much of the subject-matter of a chargeable transaction as consists of a chargeable interest in or over a single dwelling (together with appurtenant rights).U.K.
(2)An interest in a single dwelling is a higher threshold interest for the purposes of this Schedule if chargeable consideration of more than [F2£500,000] is attributable to that interest.]
Textual Amendments
F2Word in Sch. 4A para. 1(2) substituted (with effect in accordance with s. 111(4)-(6) of the amending Act) by Finance Act 2014 (c. 26), s. 111(2)
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