Where the chargeable consideration1 for a chargeable transaction2 consists of or includes rent3, or where such a transaction is to be taken into account as a linked transaction4, tax is chargeable in respect of so much of the chargeable consideration as consists of rent5. The tax so chargeable is the total of the amounts produced by taking the relevant percentage of so much of the relevant rental value6 as falls within each rate band7.
The relevant percentages and rate bands are determined by reference to whether the relevant land8 consists entirely of residential property (to which Table A applies)9 or
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234