[F13.SA sub-sale is a qualifying sub-sale if—
(a)it is a sub-sale under which—
(i)the first buyer contracts to sell the whole or part of the subject-matter of the first contract to another person (the “second buyer”), and
(ii)the second buyer becomes entitled to call for a conveyance to that person of the whole or part of the subject-matter of the first contract, and
(b)immediately before the first buyer entered into the sub-sale, the first buyer was entitled under the first contract to call for a conveyance of the whole or part of that subject-matter.]
Textual Amendments
F1 Sch. 10A inserted (1.4.2015) by The Land and Buildings Transaction Tax (Sub-sale Development Relief and Multiple Dwellings Relief) (Scotland) Order 2015 (S.S.I. 2015/123) , arts. 1(1) , 7 , Sch.