SCHEDULE 4 Stamp Duty Land Tax: Chargeable Consideration
Finance Act 2003 (2003 c 14) | Legislation

SCHEDULE 4 Stamp Duty Land Tax: Chargeable Consideration

Section 50

Money or money's worth

1

(1)     The chargeable consideration for a transaction is, except as otherwise expressly provided, any consideration in money or money's worth given for the subject-matter of the transaction, directly or indirectly, by the purchaser or a person connected with him.

(2)     [Section 1122 of the Corporation Tax Act 2010] (connected persons) applies for the purposes of sub-paragraph (1).

Value added tax

2

The chargeable consideration for a transaction shall be taken to include any value added tax chargeable in respect of the transaction, other than value added tax chargeable by virtue of an [option to tax any land under Part 1 of Schedule 10] to the Value Added Tax Act 1994 (c 23) made after the effective date of the transaction.

Postponed consideration

3

The amount or value of the chargeable consideration for a transaction shall be determined without any discount for postponement of the right to receive it or any part of it.

Just and reasonable apportionment

4

(1)     For the purposes of this Part consideration attributable—

(a)     to two or more land transactions, or

(b)

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