The amount of tax chargeable in respect of a chargeable transaction1 is a percentage (the 'rate of tax') of the chargeable consideration2 for the transaction, determined by reference to whether the relevant land3 consists entirely of residential property or otherwise, and to the amount of the relevant consideration4.
For the purposes of the stamp duty land tax provisions5, 'residential property' means:
(1) a building that is used or is suitable for use as a dwelling6, or is in the process of being constructed or adapted for such use; and
(2) land that is or forms part of the garden or
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