SDLTM09230 - The comparison test: Section 75A (1)(c)

(This page was introduced on 15 January 2020)

Once the consideration for the notional land transaction between V and P has been calculated, the SDLT payable on that amount should be calculated.

This is then compared to the sum of the amounts of SDLT which would otherwise be due on all the scheme transactions which are land transactions.

Where the SDLT due on the notional land transaction is greater, the third condition of Section 75A will be met.

If the SDLT due on the sum of the scheme transactions is equal to or more than the notional land transaction, this condition will not be met and there will not be a notional land transaction under Section 75A