Paragraph 6A First-time residential purchase exceeding the property price capF1F2
(1)
This paragraph applies to a withdrawal which would fall within paragraph 6 but for the fact that the requirement in paragraph 6(3) is not met.
(2)
A withdrawal to which this paragraph applies is to be treated as if it were a first-time residential purchase falling under paragraph 6 for the purposes of—
(a)
regulation 5D(2)(a)(ib),
(b)
regulation 10A(4)(b), and
(c)
paragraphs 7 to 10.
Annotations
Textual amendments
- F1
Schedule inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 31
- F2
Sch. para. 6A inserted (29.10.2026) by The Individual Savings Account (Amendment) (No. 3) Regulations 2026 (S.I. 2026/1130), regs. 1(2), 5(3) (with reg. 1(3))