This section has no associated Explanatory Notes
15SThe second transaction is exempt from charge if the financial institution complies with the provisions of this Act relating to the first transaction (including the payment of any tax chargeable on a chargeable consideration that is not less than the market value of the interest and, in the case of the grant of a lease, the rent).
Commencement Information
I1 Sch. 7 para. 15 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2