{
  "url": "https://openlegislation.uk/finance-act-2015/section-72",
  "json_url": "https://openlegislation.uk/finance-act-2015/section-72.json",
  "legislation": "ukpga/2015/11",
  "legislation_title": "Finance Act 2015",
  "legislation_url": "https://openlegislation.uk/finance-act-2015",
  "path": "section/72",
  "kind": "section",
  "number": "72",
  "heading": "ATED: interests held by connected persons",
  "text": "(1) Section 110 of FA 2013 (interests held by connected persons) is amended as follows.\n(2) In subsection (1), after “If on any day” insert “ (“the relevant day”) ”.\n(3) In subsection (2)—\n(a) omit “on the day in question”;\n(b) after “P's single dwelling interest” insert “ on the relevant day ”;\n(c) for “£500,000” substitute “ £250,000 ”.\n(4) After subsection (2) insert—\n(2A) Subsection (2B) applies in any case where—\n(a) C would (without subsection (2B)) be treated, as a result of subsection (1) (read with section 109), as entitled to a single-dwelling interest with a taxable value (on the relevant day) of more than £2 million, but\n(b) C would not be so treated if the value specified in subsection (2) were £500,000 (instead of £250,000).\n(2B) Subsection (2) has effect as if the value specified in it were £500,000 (instead of £250,000).\n(5) The amendments made by this section have effect in relation to chargeable periods beginning on or after 1 April 2015.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/11/section/72",
    "retrieved_at": "2026-10-28T17:01:27.985809+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}