The calculation of the tax payable on linked transactions is fairly straightforward and is carried out as follows:

Step 1

Apply the rates in the appropriate Table (A or B, depending on whether the land an interest in which is the main subject-matter of the transaction (‘the relevant land’) consists entirely of residential property (A) or consists of or includes land that is not residential property (B)) to the total of the chargeable consideration for all the linked transactions (‘the relevant consideration’).

Step 2

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