SCHEDULES

C1F1SCHEDULE 6ZARelief for first-time buyers

Annotations:
Amendments (Textual)
F1

Sch. 6ZA inserted (with effect in accordance with s. 41(8) of the amending Act) by Finance Act 2018 (c. 3), s. 41(3)

Modifications etc. (not altering text)

PART 2The Relief

The relief

4

If relief is claimed under paragraph 1 or 2 for a chargeable transaction, the amount of tax chargeable in respect of the transaction is to be determined as if in section 55(1B) (amount of tax chargeable: general) for Table A there were substituted—

Table A: Residential

Relevant consideration

Percentage

So much as does not exceed £300,000

0%

Any remainder (so far as not exceeding £500,000)

5%