C1SCHEDULE 5HIGHER RATES RESIDENTIAL PROPERTY TRANSACTIONS

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Modifications etc. (not altering text)

C1PART 2BUYER IS AN INDIVIDUAL: SINGLE DWELLING TRANSACTIONS

Interest in same main residence exception

I1C17

A transaction is not a higher rates residential property transaction under paragraph 3 if the main subject-matter of the transaction is a major interest in a dwelling—

a

in which, immediately before the effective date of the transaction, the buyer F1or the buyer’s spouse or civil partner had another major interest, and

b

which, immediately before and after the effective date of the transaction, is the buyer's only or main residence.