Paragraph 6 F1

United Kingdom

(1)

A chargeable transaction falls within this paragraph if—

(a)

the purchaser is an individual,

(b)

the main subject-matter of the transaction consists of a major interest in two or more dwellings (“the purchased dwellings”),

(c)

only one of the purchased dwellings meets conditions A, B and C,

(d)

the purchased dwelling which meets those conditions is not a replacement for the purchaser's only or main residence, and

(e)

at the end of the day that is the effective date of the transaction—

(i)

the purchaser has a major interest in a dwelling other than one of the purchased dwellings,

(ii)

that interest has a market value of £40,000 or more, and

(iii)

that interest is not reversionary on a lease which has an unexpired term of more than 21 years.

(F21A)

But sub-paragraph (1) is subject to paragraph 7A.

(2)

Sub-paragraphs (2) to (5) of paragraph 5 apply for the purposes of sub-paragraph (1)(c) of this paragraph as they apply for the purposes of sub-paragraph (1)(c) of that paragraph.

(3)

Sub-paragraphs (6) F3to (8) of paragraph 3 apply for the purposes of sub-paragraph (1)(d) of this paragraph as they apply for the purposes of sub-paragraph (5) of that paragraph.

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: Sch. 4ZA para. 6(1A) inserted (with effect in accordance with Sch. 11 para. 16(1)-(3) of the amending Act) by Finance Act 2018 (c. 3), Sch. 11 para. 9(a)
F3: Words in Sch. 4ZA para. 6(3) substituted (with effect in accordance with Sch. 11 para. 16(1)-(3) of the amending Act) by Finance Act 2018 (c. 3), Sch. 11 para. 9(b)

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)