Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
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
|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%|