Paragraph 3 F1

(1)

A chargeable transaction to which this Schedule applies is referred to in this Schedule as a “relevant transaction”.

(2)

A relevant transaction is a “single dwelling transaction” if its main subject-matter consists of—

(a)

an interest in a single dwelling, or

(b)

an interest in a single dwelling and other property.

(3)

In relation to such a transaction, the single dwelling is referred to as “the dwelling”.

(4)

A relevant transaction is a “multiple dwelling transaction” if its main subject-matter consists of—

(a)

an interest in at least two dwellings, or

(b)

an interest in at least two dwellings and other property.

(5)

In relation to such a transaction, those dwellings are referred to as “the dwellings”.

Annotations

F1: Sch. 6B inserted (with effect in accordance with Sch. 22 para. 9 of the amending Act) by Finance Act 2011 (c. 11), Sch. 22 para. 3