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Finance Act 2018

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Changes over time for: Paragraph 14

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There are currently no known outstanding effects for the Finance Act 2018, Paragraph 14. Help about Changes to Legislation

14(1)Paragraph 17 is amended as follows.U.K.

(2)In sub-paragraph (1) omit “, Wales”.

(3)After sub-paragraph (1) insert—

(1A)In the application of those provisions in relation to a dwelling situated in Wales—

(a)references to a “major interest” in the dwelling are to an interest in the dwelling of a kind mentioned in section 117(2),

(b)references to a “land transaction” in relation to the dwelling are to the acquisition of an interest in the dwelling, and

(c)references to the “effective date” of a land transaction in relation to the dwelling are to the date on which the interest in the dwelling is acquired.

(4)In sub-paragraph (3)—

(a)in the words before paragraph (a) after “(1)” insert “ , (1A) ”,

(b)in paragraph (a)—

(i)after “(6)(b)” insert “ , (ba) ”, and

(ii)after “(7)(b)” insert “ , (ba) ”, and

(c)after paragraph (b) insert—

(ba)paragraph 9B,

(5)In sub-paragraph (4)—

(a)omit “, Wales”, and

(b)after “any” insert “ relevant ”.

(6)For sub-paragraph (5) substitute—

(5)For the purposes of sub-paragraph (4) a spouse or civil partner of P is “relevant” if the spouse or civil partner—

(a)is not a parent of the child, and

(b)is living together with P (see paragraph 9(3)).

(7)Omit sub-paragraph (6).

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