Valid from 18/10/2017

Valid from 01/04/2018

SCHEDULE 5 E+W HIGHER RATES RESIDENTIAL PROPERTY TRANSACTIONS

PART 6 E+W INTERPRETATION

Major interest not to include certain leases E+W

37 E+W For the purposes of this Schedule, any term of years absolute or leasehold estate is not a ““major interest”” if its term does not exceed 7 years on the date of its grant.