Paragraph I1

The Schedules to this Act are arranged as follows—

(a)

Schedules 2 to 4 comprise a group of Schedules which make provision related to the key concepts of land transaction tax—

(i)

Schedule 2 sets out how this Act applies to pre-completion transactions;

(ii)

Schedule 3 specifies certain transactions which are exempt from a charge to the tax;

(iii)

Schedule 4 makes detailed provision about what counts as chargeable consideration for a land transaction;

(b)

Schedule 5 makes provision about higher rates residential property transactions;

(c)

Schedule 6 makes provision about the application of this Act to leases;

(d)

Schedules 7 and 8 comprise a group of Schedules making provision about the application of this Act to certain entities, specifically partnerships (Schedule 7) and trusts (Schedule 8);

(e)

Schedules 9 to 22 comprise a group of Schedules which make provision about reliefs available from the tax;

(f)

Schedule 23 makes amendments to TCMA.

Annotations

Commencement

I1: Sch. 1 in force at 1.4.2018 by S.I. 2018/34, art. 3