Regulation 4 Relief

Relief from charge to stamp duty land tax shall be granted in relation to a land transaction to which these Regulations apply as follows.

This is subject to paragraph (5).

Where the chargeable consideration is not more than £500,000 and does not consist of or include rent, the transaction is exempt from charge.

Where the chargeable consideration includes rent and consideration other than rent and the consideration other than rent is not more than £500,000, no tax shall be chargeable in respect of the consideration other than rent.

Where the chargeable consideration does not include rent and is more than £500,000, or the consideration other than rent is more than £500,000, the amount of tax chargeable shall be reduced by £15,000.

Her Majesty’s Revenue and Customs may refuse relief if they have reasonable grounds to think that a dwelling is not a zero-carbon home within the meaning of these Regulations, notwithstanding that a zero-carbon home certificate has been issued in relation to that dwelling.