{
  "url": "https://openlegislation.uk/finance-act-2016/section-129",
  "json_url": "https://openlegislation.uk/finance-act-2016/section-129.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "section/129",
  "kind": "section",
  "number": "129",
  "heading": "SDLT higher rate: land purchased for commercial use",
  "text": "(1) Schedule 4A to FA 2003 (SDLT: higher rate for certain transactions) is amended in accordance with subsections (2) to (4).\n(2) In paragraph 5—\n(a) in sub-paragraph (1)—\n(i) after paragraph (a) insert—\n(aa) use as business premises for the purposes of a qualifying property rental business (other than one which gives rise to income consisting wholly or mainly of excluded rents);\n(ab) use for the purposes of a relievable trade;\n;\n(ii) for paragraph (b) substitute—\n(b) development or redevelopment and—\n(i) resale in the course of a property development trade, or\n(ii) exploitation falling within paragraph (a) or use falling within paragraph (aa) or (ab);\n;\n(b) in sub-paragraph (2), for “the dwelling” substitute “ a dwelling on the land ”;\n(c) in sub-paragraph (3), at the appropriate place insert—\n“relievable trade” means a trade that is run on a commercial basis and with a view to profit.\n(3) In paragraph 5G, in sub-paragraph (3)(c) for “the dwelling” substitute “ any dwelling on the land ”.\n(4) In paragraph 6D(3)(b), for “the dwelling” substitute “ any dwelling on the land concerned ”.\n(5) The amendments made by this section have effect in relation to any land transaction of which the effective date is on or after 1 April 2016.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/section/129",
    "retrieved_at": "2026-10-28T17:00:50.607796+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}