# Finance Act 2003, Paragraph 9: The control period


(1) In this Schedule, “the control period”, in relation to a land transaction, means the shorter of—
(a) the period of three years beginning with the effective date of that transaction, and
(b) the period beginning with the effective date of that transaction and ending with the effective date of the final transaction.
(2) For the purposes of this paragraph, a land transaction is “the final transaction” if, immediately after the effective date of the transaction, neither the purchaser nor a connected person holds a chargeable interest in the qualifying land (whether as a result of that transaction alone or as a result of that transaction and other land transactions).

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/6C/paragraph/9 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-6C/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.