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“Schedule 4ZA — Stamp Duty Land Tax: Higher Rates for Additional Dwellings and Dwellings Purchased by Companies

Budget Resolutions and Economic Situation — Amendment of the Law – in the House of Commons at 6:23 pm on 22nd March 2016.

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Part 1

Higher rates

1 (1) In its application for the purpose of determining the amount of tax chargeable in respect of a chargeable transaction which is a higher rates transaction, section 55 (amount of tax chargeable: general) has effect with the modification in sub-paragraph (2).

(2) In subsection (1B) of section 55, for Table A substitute—

“Table A: Residential

Relevant consideration Percentage
So much as does not exceed £125,000 So much as exceeds £125,000 but does not exceed £250,000 So much as exceeds £250,000 but does not exceed £925,000 So much as exceeds £925,000 but does not exceed £1,500,000 The remainder (if any) 3% 5% 8% 13% 15%