OpenLegislation

Paragraph 1 I1C1

(1)

This Schedule makes provision about higher rates residential property transactions.

(2)

This Schedule is arranged as follows—

(a)

Part 2 describes the chargeable transactions that are higher rates residential property transactions where the buyer is an individual and the transaction involves a dwelling;

(b)

Part 3 describes the chargeable transactions that are higher rates residential property transactions where the buyer is an individual and the transaction involves multiple dwellings;

(c)

Part 4 describes the chargeable transactions that are higher rates residential property transactions where the buyer is not an individual;

(d)

Part 5 contains supplementary provision, including about returns and about the application of the provisions in Parts 2, 3 and 4 in specified circumstances;

(e)

Part 6 contains interpretative provision.

Annotations

Modifications

C1

Sch. 5 applied (with modifications) (1.4.2018) by The Land Transaction Tax (Transitional Provisions) (Wales) Regulations 2018 (S.I. 2018/126), regs. 1(2), 12

Commencement

I1

Sch. 5 para. 1 in force at 1.4.2018 by S.I. 2018/34, art. 3