# Finance Act 2003, Paragraph 5C


(1) Sub-paragraph (2) applies to a chargeable transaction if the purchaser is a financial institution carrying on a business that involves the lending of money.
(2) Paragraph 3 does not apply to the chargeable transaction so far as its subject-matter consists of a higher threshold interest that is acquired in the course of that business—
(a) for the purpose of resale in the course of the business and,
(b) in connection with those lending activities.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/4A/paragraph/5C (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-4A/paragraph-5C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.