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Stamp Duty Land Tax (Temporary Relief) Act 2020

Consolidated Text As Enacted Cited authorities 3 Cited in Amendments 1 Related
Vincent
JurisdictionUK Non-devolved
Citation2020 c. 15
Year2020
beginning with 8 July 2020, andending with F530 June 2021.(2) Section 55(1B) (amount of stamp duty land tax chargeable: general) has effect as if for Table A there were substituted—
    (TABLE A: RESIDENTIAL)
    Part of relevant consideration Percentage
    So much as does not exceed £500,000 0%
    So much as exceeds £500,000 but does not exceed £925,000 5%
    So much as exceeds £925,000 but does not exceed £1,500,000 10%
    The remainder (if any) 12%
.(3) Schedule 4ZA (higher rates of stamp duty land tax for additional dwellings etc) has effect as if for the Table A in section 55(1B) mentioned in paragraph 1(2) there were substituted—
    (TABLE A: RESIDENTIAL)
    Part of relevant consideration Percentage
    So much as does not exceed £500,000 3%
    So much as exceeds £500,000 but does not exceed £925,000 8%
    So much as exceeds £925,000 but does not exceed £1,500,000 13%
    The remainder (if any) 15%
.(4) Paragraph 2(3) of Schedule 5 (amount of SDLT chargeable in respect of rent) has effect as if for Table A there were substituted—
    (TABLE A: RESIDENTIAL)
    Rate bands Percentage
    £0 to £500,000 0%
    Over £500,000 1%
.(5) Part 4 of the Finance Act 2003 has effect as if section 57B and Schedule 6ZA (which concern relief for first-time buyers) were omitted (and, accordingly, Schedule 9 is to have effect as if paragraphs 15 to 16 were omitted) .as a result of section 44(4) of the Finance Act 2003 the effective date of a land transaction falls in the F4initial temporary relief period, andthe contract concerned is completed by a conveyance after that period ends,(7) Section 44(10) of the Finance Act 2003 applies for the purposes of subsection (6) .beginning with 1 July 2021, andending with 30 September 2021.(2) Section 55(1B) (amount of stamp duty land tax chargeable: general) has effect as if for Table A there were substituted—
    (TABLE A: RESIDENTIAL)
    Part of relevant consideration Percentage
    So much as does not exceed £250,000 0%
    So much as exceeds £250,000 but does not exceed £925,000 5%
    So much as exceeds £925,000 but does not exceed £1,500,000 10%
    The remainder (if any) 12%
.(3) Schedule 4ZA (higher rates of stamp duty land

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