SCHEDULE 5Multiple dwellings relief
PART 5Withdrawal of relief
Partial withdrawal of relief
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Relief under this schedule is partially withdrawn in relation to a relevant transaction if—
a
an event occurs in the relevant period, and
b
had the event occurred immediately before the F1effective date of the transaction—
i
the transaction would have been a relevant transaction, but
ii
more tax would have been payable in respect of the transaction.