SCHEDULES
SCHEDULE 6Stamp duty land tax: disadvantaged areas relief
Part 4F2Supplementary
Relevant consideration and relevant rental value
11
1
References in this Schedule to the “relevant consideration” in relation to a transaction are to the amount falling to be taken into account for the purposes of section 55(2) in determining the rate of tax chargeable under that section in relation to the transaction apart from any relief under this Schedule (whether in relation to that or any other transaction).
2
References in this Schedule to the “relevant rental value” in relation to a transaction are to the amount falling to be taken into account for the purposes of paragraph 2(3) of Schedule 5 in determining the rate of tax chargeable under that Schedule in relation to the transaction apart from any relief under this Schedule (whether in relation to that or any other transaction).
Rent and annual rent
12
For the purposes of this Schedule “rent” has the same meaning as in Schedule 5 (amount of tax chargeable: rent) and “annual rent” has the same meaning as in paragraph 9(2) of that Schedule.
F1Notification of transactions
Sch. 6 para. 13 and cross-heading inserted (22.7.2004) by Finance Act 2004 (c. 12), s. 298(5)(b)
13
For the purposes of section 77 (which specifies what land transactions are notifiable) no account shall be taken of any provision of this Schedule to the effect that consideration does not count as chargeable consideration.
Sch. 6 Pt. 4 heading substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 298(5)(a)