F1SCHEDULE 4AFirst-time buyer relief

Meaning of first-time buyer

2.

In this schedule “first-time buyer” means a person who—

(a)

has not previously been a buyer in relation to an acquisition of a major interest in land which consisted of residential property including a dwelling, and

(b)

has not previously acquired an interest in a dwelling situated outside Scotland that is equivalent to the interest of a buyer referred to in sub-paragraph (a).