Introduction Details of the Section
2.Paragraph 1 adds the new rate to Table A (Residential property) at section 55(2) Finance Act 2003.
3.Paragraph 2 provides for commencement.
4.Paragraph 3 provides that the new rate does not apply to certain transactions where a contract was entered into before the commencement date.
5.Paragraph 4 provides exceptions to the provision at paragraph 3.