SCHEDULES
C1F1SCHEDULE 6ZARelief for first-time buyers
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Sch. 6ZA modified (temp.) (8.2.2023) by Stamp Duty Land Tax (Temporary Relief) Act 2023 (c. 2), s. 1
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%
Sch. 6ZA inserted (with effect in accordance with s. 41(8) of the amending Act) by Finance Act 2018 (c. 3), s. 41(3)