Could you perhaps do the following?
DECLARE @lastid INT;
SELECT TOP 1 @lastid = lastid FROM parametertable;
SELECT t.* FROM transactionstable t
WHERE t.id > @lastid;
You could join the tables like shown below, but (my untested and unsubstantiated opinion is that) that may not perform any better than what you already tried:SELECT t.*
FROM transactionstable t
INNER JOIN parametertable p ON t.id > p.lastid;
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-- Yes, I am indeed a fictional character.