Changes over time for: Cross Heading: Cases where conditions for exemption not fully met
Status:
Point in time view as at 01/04/2018.
Changes to legislation:
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Cases where conditions for exemption not fully metE+W
9(1)Where a land transaction would be exempt from charge under paragraph 5 of Schedule 3 (assents and appropriations by personal representatives) but for sub-paragraph (2) of that paragraph (cases where person acquiring property gives consideration for it), the chargeable consideration for the transaction does not include the amount of any secured debt assumed.E+W
(2)In sub-paragraph (1) “"secured debt”” has the same meaning as in paragraph 5 of Schedule 3.
(3)Where a land transaction would be exempt from charge under paragraph 6 of Schedule 3 (variation of testamentary dispositions etc.) but for a failure to meet the condition in sub-paragraph (2)(b) of that paragraph (no consideration other than variation of another disposition), the chargeable consideration for the transaction does not include the making of any variation as is mentioned in that sub-paragraph.
Yn ôl i’r brig