Part 1Charges, rates, allowances, etc
Stamp duty land tax
10Thresholds for residential property
1
Part 4 of FA 2003 (stamp duty land tax) has effect in relation to transactions with an effective date on or after 22 April 2009 but before 1 January 2010 as if—
a
in section 55(2)
(amount of tax chargeable: general), in Table A (bands and percentages for residential property), for “£125,000”
(in both places) there were substituted “
£175,000
”
, and
b
in paragraph 2(3) of Schedule 5 (amount of tax chargeable: rent), in Table A (bands and percentages for residential property), for “£125,000”
(in both places) there were substituted “
£175,000
”
.
2
The following are revoked—
a
the Stamp Duty Land Tax (Variation of Part 4 of the Finance Act 2003) Regulations 2008 (S.I. 2008/2338), and
b
the Stamp Duty Land Tax (Exemption of Certain Acquisitions of Residential Property) Regulations 2008 (S.I. 2008/2339).
3
The revocations made by subsection (2) have effect in relation to transactions with an effective date on or after 22 April 2009.