SCHEDULES
SCHEDULE 6Stamp duty land tax: disadvantaged areas relief
Part 3Land partly situated in a disadvantaged area
Land all residential
9
1
This paragraph applies where all the land situated in a disadvantaged area is residential property.
2
If—
a
the consideration attributable to land situated in a disadvantaged area does not include rent and the relevant consideration does not exceed £150,000, or
b
the consideration so attributable consists only of rent and the relevant rental value does not exceed £150,000,
none of the consideration so attributable counts as chargeable consideration.
3
If the consideration attributable to land situated in a disadvantaged area includes rent and the relevant rental value does not exceed £150,000, the rent so attributable does not count as chargeable consideration.
4
If the consideration attributable to land in a disadvantaged area includes consideration other than rent (“non-rent consideration”), then—
a
if—
i
the annual rent so attributable does not exceed £600, and
ii
the relevant consideration does not exceed £150,000,
the non-rent consideration so attributable does not count as chargeable consideration;
b
if the annual rent so attributable exceeds £600, the 0% band in Table A in subsection (2) of section 55 does not apply in relation to the non-rent consideration so attributable and any case that would have fallen within that band is treated as falling within the 1% band.