SDLTM04000 - Scope: How much is chargeable
Just and reasonable apportionment FA03/SCH4/PARA4
Where a transaction involves the acquisition/disposal of various items, not all of which are chargeable interests in land, or where the transaction is part of a deal including other transactions then the consideration should be subject to a just and reasonable apportionment. Two common situations where an apportionment will be required are
- a residential purchase where chattels, in Scotland, moveables, are purchased as well as land and buildings. See SDLT04010
- the purchase of a business, or assets of a business
The apportionment agreed between vendor and purchaser, for whatever purposes, may not represent a just and reasonable apportionment.
The purchaser, who is solely responsible for the accuracy of the
information contained in the land transaction return, is expected
to consider this question afresh before entering the consideration
for the land transaction on the return.
Further guidance regrading the valuation of assets by
Valuation Office can be found at
SDLTM80350+.
