Paragraph 1 F1
In its application for the purpose of determining the amount of tax chargeable in respect of a chargeable transaction which is a higher rates transaction, section 55 (amount of tax chargeable: general) has effect with the modification in sub-paragraph (2).
In subsection (1B) of section 55, for Table A substitute—
“
F2TABLE A: RESIDENTIAL
Part of relevant consideration Percentage So much as does not exceed £125,000 5% So much as exceeds £125,000 but does not exceed £250,000 7% So much as exceeds £250,000 but does not exceed £925,000 10% So much as exceeds £925,000 but does not exceed £1,500,000 15% The remainder (if any) 17% ”
Annotations
Textual amendments
- F1
Sch. 4ZA inserted (with effect in accordance with s. 128(5)(6) of the amending Act) by Finance Act 2016 (c. 24), s. 128(3) (with s. 128(9)(10))
- F2
Words in Sch. 4ZA para. 1(2) substituted (with effect in accordance with s. 51(2) of the amending Act) by Finance Act 2025 (c. 8), s. 51(1)(2) (with s. 51(3)-(5), 52)
Notes on Schedule 4ZA
Modifications
- C1
Sch. 4ZA modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended 10.6.2021) by 2021 c. 26, s. 87(2))
- C2
Sch. 4ZA modified (temp.) (8.2.2023) by Stamp Duty Land Tax (Temporary Relief) Act 2023 (c. 2), s. 1 (as amended (with effect in accordance with s. 50(3) of the amending Act) by 2025 c. 8, s. 50(2)(3) (with ss. 50(4)-(6), 52)