Paragraph 11 I1F1
Scotland
But where DT x ND F2or, as the case may be, ΣDT is less than the minimum prescribed amount, the amount of tax chargeable in relation to the relevant transaction is—
MPA + RTwhere—
MPA is the minimum prescribed amount, and
RT is the tax due in relation to remaining property.
Annotations
Textual amendments
- F1
Sch. 5 paras. 11, 12 substituted (1.4.2015) by S.S.I. 2015/123, arts. 1, 8
- F2
Words in sch. 5 para. 11 inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 2(1)(d)(iii), 5(2) (with s. 3)
Commencement
- I1
Sch. 5 para. 11 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2