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Finance Act 2018

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Changes over time for: Paragraph 4

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Point in time view as at 06/04/2018.

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There are currently no known outstanding effects for the Finance Act 2018, Paragraph 4. Help about Changes to Legislation

4U.K.After paragraph 9 insert—

Spouses and civil partners purchasing from one anotherU.K.

9A(1)A chargeable transaction is not a higher rates transaction for the purposes of paragraph 1 if—

(a)there is only one purchaser,

(b)there is only one vendor, and

(c)on the effective date of the transaction the two of them are—

(i)married to, or civil partners of, each other, and

(ii)living together (see paragraph 9(3)).

(2)Where—

(a)there are two purchasers in relation to a chargeable transaction, and

(b)one of them (“P”) is also the vendor in relation to the transaction,

P is to be treated for the purposes of sub-paragraph (1) as not being a purchaser.

(3)Where—

(a)there are two vendors in relation to a chargeable transaction, and

(b)one of them (“V”) is also the purchaser in relation to the transaction,

V is to be treated for the purposes of sub-paragraph (1) as not being a vendor.

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