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Relief under this schedule is partially withdrawn in relation to a relevant transaction if—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.