SCHEDULE 5Multiple dwellings relief

PART 5Withdrawal of relief

Partial withdrawal of relief

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Relief under this schedule is partially withdrawn in relation to a relevant transaction if—

(a)

an event occurs in the relevant period, and

(b)

had the event occurred immediately before the F1effective date of the transaction—

(i)

the transaction would have been a relevant transaction, but

(ii)

more tax would have been payable in respect of the transaction.