# Finance Act 2003, Paragraph 4


If relief is claimed under paragraph 1 or 2 for a chargeable transaction, the amount of tax chargeable in respect of the transaction is to be determined as if in section 55(1B) (amount of tax chargeable: general) for Table A there were substituted—
“
Table A: Residential
Relevant consideration
Percentage
So much as does not exceed £300,000
0%
Any remainder (so far as not exceeding £500,000)
5%
”

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/6ZA/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-6ZA/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.