xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Modifications etc. (not altering text)
C1Sch. 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
11(1)A chargeable transaction is a higher rates residential property transaction if—E+W
(a)it falls within sub-paragraph (2), and
(b)paragraph 13 or 15 applies.
(2)A transaction falls within this sub-paragraph if—
(a)the buyer is an individual, and
(b)the main subject-matter of the transaction consists of a major interest in two or more dwellings (““the purchased dwellings””).
(3)In this Part of this Schedule, “"purchased dwellings”” has the meaning given by sub-paragraph (2)(b).
(4)Where paragraph 18 applies, an intermediate transaction (within the meaning given by that paragraph) is to be treated as a higher rates residential property transaction.
(5)A transaction within section 72(9) is not a higher rates residential property transaction save where Schedule 13 applies (see in particular paragraph 6(6) of that Schedule).
Commencement Information
I1Sch. 5 para. 11 in force at 1.4.2018 by S.I. 2018/34, art. 3