[F14U.K.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%”] |
Textual Amendments
F1Sch. 6ZA inserted (with effect in accordance with s. 41(8) of the amending Act) by Finance Act 2018 (c. 3), s. 41(3)