Paragraph 8 F1

In this Schedule “UK residential property interest” means an interest in UK land—

For the purposes of sub-paragraph (1)(b), the extent to which land includes a dwelling is to be determined on a just and reasonable basis.

In this paragraph—

• “interest in UK land” has F2the same meaning as it has for the purposes of section 1A(3)(b) of the 1992 Act (see section 1C of that Act);

• “the land”, in relation to an interest in UK land which is an interest subsisting for the benefit of land, is a reference to the land for the benefit of which the interest subsists;

• “dwelling” has F3the same meaning as it has for the purposes of F4paragraphs 16B to 16H of Schedule 2 to the Finance Act 2019;

• “contract for an off-plan purchase” F5means a contract for the acquisition of land consisting of, or including, a building, or part of a building, that is to be constructed or adapted for use as a dwelling.