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SCHEDULE 4SRelief for certain acquisitions of residential property

PART 2SAcquisition by house-building company from individual acquiring new dwelling

Qualifying conditionsS

4SIn this Part of this schedule, the qualifying conditions are—

(a)that the individual (whether alone or with other individuals) acquires a new dwelling from the house-building company,

(b)that the individual occupied the old dwelling as the individual's only or main residence at some time in the period of 2 years ending with the date of its acquisition,

(c)that the individual intends to occupy the new dwelling as the individual's only or main residence,

(d)that each acquisition is entered into in consideration of the other, and

(e)that the area of land acquired by the house-building company does not exceed the permitted area.

Commencement Information

I1 Sch. 4 para. 4 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2