SCHEDULES

F1SCHEDULE 4AStamp duty land tax: higher rate for certain transactions

Meaning of “higher threshold interest”

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).

(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.