C1SCHEDULE 5HIGHER RATES RESIDENTIAL PROPERTY TRANSACTIONS
Annotations:
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.
Sch. 5 applied (with modifications) (1.4.2018) by The Land Transaction Tax (Transitional Provisions) (Wales) Regulations 2018 (S.I. 2018/126), regs. 1(2), 12