# Finance Act 2003, Paragraph 30: Transactions that are not notifiable

Extent: E+W+S+N.I.

(1) A transaction which is a chargeable transaction by virtue of paragraph 14 or 17 (transfer of partnership interest) is a notifiable transaction if (but only if) the consideration for the transaction exceeds the zero rate threshold.
(2) The consideration for a transaction exceeds the zero rate threshold if one or more of the following conditions are met—
(a) the relevant consideration for the purposes of section 55 (amount of tax chargeable: general) is such that the amount of tax chargeable under that section is not zero;
(aa) paragraph 3 of Schedule 4A applies to the transaction;
(b) the relevant rental value for the purposes of Schedule 5 (amount of tax chargeable: rent) is such that the rate of tax chargeable under that Schedule is 1% or higher.

---
Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/30 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-15/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.