xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

Valid from 10/07/2003

SCHEDULE 6U.K.Stamp duty land tax: disadvantaged areas relief

Part 3 U.K.Land partly situated in a disadvantaged area

Land all residentialU.K.

9(1)This paragraph applies where all the land situated in a disadvantaged area is residential property.U.K.

(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.