C1SCHEDULE 5HIGHER RATES RESIDENTIAL PROPERTY TRANSACTIONS

Annotations:
Modifications etc. (not altering text)

C1PART 3BUYER IS AN INDIVIDUAL: MULTIPLE DWELLING TRANSACTIONS

Interest in same main residence exception

I1C116

Paragraph 15 does not apply if the main subject-matter of the transaction is a major interest in the qualifying dwelling referred to in paragraph 15(1)(a), and that dwelling is one—

a

in which, immediately before the effective date of the transaction, the buyer F1or the buyer’s spouse or civil partner had another major interest, and

b

which, immediately before and after the effective date of the transaction, is the buyer's only or main residence.