# Finance Act 2012, Paragraph 2

Extent: E+W+S+N.I.

(1) Section 55 (amount of tax chargeable: general) is amended as follows.
(2) In subsection (1), after “chargeable transaction” insert “ to which this section applies ”.
(3) After that subsection insert—
“(1A) This section applies to any chargeable transaction other than a transaction to which paragraph 3 of Schedule 4A or step 4 of section 74(1A) (higher rate for certain transactions) applies.”
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In subsection (5), for “74” substitute “ 74(2) and (3) ”.
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/35/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-35/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.