Valid from 18/10/2017

Valid from 01/04/2018

SCHEDULE 5 E+W HIGHER RATES RESIDENTIAL PROPERTY TRANSACTIONS

PART 3 E+W BUYER IS AN INDIVIDUAL: MULTIPLE DWELLING TRANSACTIONS

Interest in same main residence exception E+W

16 E+W Paragraph 15 does not apply if the main subject-matter of the transaction is a major interest in the qualifying dwelling referred to in paragraph 15(1)(a), and that dwelling is one—

(a) in which, immediately before the effective date of the transaction, the buyer 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.