{
  "url": "https://openlegislation.uk/stamp-duty-land-tax-act-2015/schedule/paragraph-2",
  "json_url": "https://openlegislation.uk/stamp-duty-land-tax-act-2015/schedule/paragraph-2.json",
  "legislation": "ukpga/2015/1",
  "legislation_title": "Stamp Duty Land Tax Act 2015",
  "legislation_url": "https://openlegislation.uk/stamp-duty-land-tax-act-2015",
  "path": "schedule/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) Section 74 (exercise of collective rights by tenants of flats) is amended as follows.\n(2) In subsection (1A)—\n(a) in the opening words, for “rate” substitute “ amount ”,\n(b) in Step 2—\n(i) for “rate of tax and the” substitute “ amount of ”, and\n(ii) for “subsections (2) and (3)” substitute “ subsection (1B) ”,\n(c) in Step 3—\n(i) for “rate of tax and the” substitute “ amount of ”, and\n(ii) for “subsections (2) and (3)” substitute “ subsection (1B) ”, and\n(d) in Step 4 for “subsections (2) and (3) do” substitute “ subsection (1B) does ”.\n(3) For subsections (2) and (3) substitute—\n“(1B) Where step 2 or 3 of subsection (1A) requires the amount of tax chargeable to be determined in accordance with this subsection, it is determined as follows.\nStep 1 Determine the amount of tax chargeable under section 55 as if the relevant consideration for the chargeable transaction were the fraction of the relevant consideration calculated under step 1 of subsection (1A).\nStep 2 Multiply the amount determined at step 1 by the number of qualifying flats contained in the premises.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/1/schedule/paragraph/2",
    "retrieved_at": "2026-10-29T09:07:15.918179+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}