# Finance Act 2003, Paragraph 7


(1) A chargeable transaction falls within this paragraph if—
(a) the purchaser is not an individual,
(b) the main subject-matter of the transaction consists of a major interest in two or more dwellings (“the purchased dwellings”), and
(c) at least one of the purchased dwellings meets conditions A and B.
(2) Sub-paragraphs (2) and (3) 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.

---
Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/4ZA/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-4ZA/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.