{
  "url": "https://openlegislation.uk/finance-act-2003/schedule-4ZA/paragraph-6",
  "json_url": "https://openlegislation.uk/finance-act-2003/schedule-4ZA/paragraph-6.json",
  "legislation": "ukpga/2003/14",
  "legislation_title": "Finance Act 2003",
  "legislation_url": "https://openlegislation.uk/finance-act-2003",
  "path": "schedule/4ZA/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": null,
  "text": "(1) A chargeable transaction falls within this paragraph if—\n(a) the purchaser is an individual,\n(b) the main subject-matter of the transaction consists of a major interest in two or more dwellings (“the purchased dwellings”),\n(c) only one of the purchased dwellings meets conditions A, B and C,\n(d) the purchased dwelling which meets those conditions is not a replacement for the purchaser's only or main residence, and\n(e) at the end of the day that is the effective date of the transaction—\n(i) the purchaser has a major interest in a dwelling other than one of the purchased dwellings,\n(ii) that interest has a market value of £40,000 or more, and\n(iii) that interest is not reversionary on a lease which has an unexpired term of more than 21 years.\n(1A) But sub-paragraph (1) is subject to paragraph 7A.\n(2) Sub-paragraphs (2) to (5) of paragraph 5 apply for the purposes of sub-paragraph (1)(c) of this paragraph as they apply for the purposes of sub-paragraph (1)(c) of that paragraph.\n(3) Sub-paragraphs (6) to (8) of paragraph 3 apply for the purposes of sub-paragraph (1)(d) of this paragraph as they apply for the purposes of sub-paragraph (5) of that paragraph.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 4ZA inserted (with effect in accordance with s. 128(5)(6) of the amending Act) by Finance Act 2016 (c. 24), s. 128(3) (with s. 128(9)(10))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 4ZA para. 6(1A) inserted (with effect in accordance with Sch. 11 para. 16(1)-(3) of the amending Act) by Finance Act 2018 (c. 3), Sch. 11 para. 9(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 4ZA para. 6(3) substituted (with effect in accordance with Sch. 11 para. 16(1)-(3) of the amending Act) by Finance Act 2018 (c. 3), Sch. 11 para. 9(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/14/schedule/4ZA/paragraph/6",
    "retrieved_at": "2026-10-29T09:18:27.996599+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}