Relief for transfers involving multiple dwellings: Consideration attributable to interests in dwellings FA03/SCH6B/PARA5(1) - (6)
The relevant consideration for the purposes of FA03/S55 is the aggregate consideration:
- for this transaction and any transactions linked to it (whether relevant transactions or not),
- which is attributable to dwellings, interests in which are included in this and any relevant transactions linked to it,
divided by the number of such dwellings.
The rate of tax that applies is set by Table A of FA03/S55, except that the minimum rate is 1% (FA03/SCH22/PARA5(2).
FA03/S116(7) (six or more dwellings treated as non-residential property) does not apply.