# Finance Act 2003, Paragraph 5: Exemption


(1) This paragraph applies to a land transaction if at least 90% of the chargeable consideration for the transaction is attributable to qualifying land.
(2) The transaction is exempt from charge.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/6C/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-6C/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.