SCHEDULE 5Multiple dwellings relief

PART 6What counts as a dwelling

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The main subject-matter of a transaction is also taken to consist of or include an interest in a dwelling if—

(a)

substantial performance of a contract constitutes the effective date of that transaction by virtue of a relevant deeming provision,

(b)

the main subject-matter of the transaction consists of or includes an interest in a building, or a part of a building, that is to be constructed or adapted under the contract for use as a single dwelling, and

(c)

construction or adaptation of the building, or the part of a building, has not begun by the time the contract is substantially performed.