SCHEDULE 6LEASES
PART 5CALCULATION OF TAX CHARGEABLE
Residential leases, non-residential leases and mixed leases
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For the purposes of this Part of this Schedule, a transaction is—
a
an acquisition of a residential lease if—
i
it is the acquisition of a lease or other chargeable interest relating to a lease, the main subject-matter of which consists entirely of residential property, or
ii
where the acquisition is one of a number of linked transactions, the main subject-matter of each transaction consists entirely of residential property;
b
an acquisition of a non-residential lease if—
i
it is the acquisition of a lease or other chargeable interest relating to a lease, the main subject-matter of which consists entirely of land which is not residential property, or
ii
where the acquisition is one of a number of linked transactions, the main subject-matter of each transaction consists entirely of land which is not residential property;
c
an acquisition of a mixed lease if—
i
it is the acquisition of a lease or other chargeable interest relating to a lease, the main subject-matter of which includes land which is not residential property, or
ii
where the acquisition is one of a number of linked transactions, the main subject-matter of any of the transactions includes land which is not residential property.