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Finance Act 2018

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Changes over time for: Paragraph 2

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2(1)Paragraph 3 (single dwelling transactions: purchaser is an individual) is amended as follows.U.K.

(2)In sub-paragraph (6)—

(a)after paragraph (b) insert—

(ba)immediately after the effective date of the previous transaction, neither the purchaser nor the purchaser's spouse or civil partner had a major interest in the sold dwelling, and

(b)in paragraph (c) for “that period of three years” substitute “ the period of three years referred to in paragraph (b) ”.

(3)After sub-paragraph (6) insert—

(6A)Sub-paragraph (6)(ba) does not apply in relation to a spouse or civil partner of the purchaser if the two of them were not living together (see paragraph 9(3)) on the effective date of the transaction concerned.

(4)In sub-paragraph (7) after paragraph (b) (but before “and”) insert—

(ba)immediately after the effective date of that other land transaction, neither the purchaser nor the purchaser's spouse or civil partner has a major interest in the sold dwelling,.

(5)After sub-paragraph (7) insert—

(8)Sub-paragraph (7)(ba) does not apply in relation to a spouse or civil partner of the purchaser if the two of them are not living together (see paragraph 9(3)) on the effective date of that other land transaction.

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