# Finance Act 2003, Paragraph 1


(1) 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).
(2) In subsection (1B) of section 55, for Table A substitute—
“
TABLE 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%
”

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/4ZA/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-4ZA/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.