SDLTM29825 | Conditions for claiming the relief – relevant consideration is not more than £500,000 FA03/SCH6ZA/PARA1(3)

Relief is only available where the relevant consideration for the transaction is not more than £500,000. Relevant consideration will include all the normal amounts that are taken into account in working out the chargeable consideration for SDLT, but the value of any rent payable under a lease is not taken into account.

Where a transaction is not linked to any other transactions, the £500,000 maximum applies to the consideration for that transaction only. Where a transaction is linked to other transactions and relief is still available the relevant consideration is the sum of the chargeable consideration of each linked transaction; if the relevant consideration for all the linked transactions exceeds £500,000, none of the transactions qualify for relief.

See SDLTM03700 onwards for guidance on chargeable consideration.