Relief for transfers involving multiple dwellings: The tax calculation FA03/SCH6B/PARA4
- the consideration attributable to interests in dwellings and
- the remaining consideration (if any).
The consideration must be so apportioned on a ‘just and reasonable’ basis.
The percentage rates of tax which apply, firstly to the consideration attributable to interests in dwellings and secondly to the remaining consideration, are then calculated separately.
For this purpose the chargeable consideration can include the market value of the subject-matter of the transaction where this is substituted by FA03/S53 or FA03/SCH4/PARA5, or an election is made under FA03/SCH15/PARA12A.