95 Charge where consideration includes rent: 0% band
Finance Act 2008 (2008 c 9) | Legislation

95  Charge where consideration includes rent: 0% band

(1)     Schedule 5 to FA 2003 (amount of SDLT chargeable: rent) is amended as follows.

(2)     In paragraph 9 (SDLT chargeable in respect of consideration other than rent)—

(a)     in sub-paragraph (1), insert at the end “(but see paragraph 9A)”, and

(b)     omit sub-paragraphs (2), (2A) and (3),

and, accordingly, in the heading before that paragraph, insert at the end “: general”.

(3)     After that paragraph insert—

“Tax chargeable in respect of consideration other than rent: 0% band

9A

(1)     This paragraph applies in the case of a transaction to which this Schedule applies where there is chargeable consideration other than rent.

(2)     If—

(a)     the relevant land consists entirely of land that is non-residential property, and

(b)     the relevant rent is at least £1,000,

the 0% band in Table B in section 55(2) does not apply in relation to the consideration other than rent and any case that would have fallen within that band is treated as falling within the 1% band.

(3)     Sub-paragraphs (4) and (5) apply if—

(a)     the relevant land is partly residential property and partly non-residential property, and

(b)     the relevant

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