SCHEDULE 5Multiple dwellings relief

PART 5Withdrawal of relief

Relevant period

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“The relevant period” means the shorter of—

a

the period of 3 years beginning with the effective date of the transaction, and

b

the period beginning with the effective date of the transaction and ending with the date on which the buyer disposes of the dwelling, or the dwellings, to a person who is not connected with the buyer.