This section has no associated Explanatory Notes
10SAny transfer to the person that results from the exercise of the right mentioned in paragraph 7(c) (“a further transaction”) is exempt from charge if—
(a)the provisions of this Act relating to the first transaction are complied with, and
(b)at all times between the first and the further transaction—
(i)the interest purchased under the first transaction is held by a financial institution and the person as common owners, and
(ii)the land is occupied by the person under the agreement mentioned in paragraph 7(b).
Commencement Information
I1 Sch. 7 para. 10 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2