Home › Forums › Patrick Cannon › Does Market Value Rule in Para 5 of Sch 4 FA 2003 override overages? › Reply To: Does Market Value Rule in Para 5 of Sch 4 FA 2003 override overages?
14th December 2017 at 4:50 pm
#890
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I expect the legislation you have found is FA03/Sch4ZA/para3(4) setting out Condition C for the 3% surcharge to apply. This requires that for the surcharge to apply the buyer must have a major interest in another dwelling.
There are some things to check: if any of the joint buyers is a company for example the surcharge will apply whether or not other properties are owned.