Paragraph 6 I1C1
Where there are two or more buyers who are individuals in a transaction—
(a)
the transaction is a higher rates residential property transaction if paragraph 3 applies in relation to any one of the buyers;
(b)
an intermediate transaction (within the meaning of paragraph 9(2)) is to be treated as a higher rates residential property transaction if paragraph 9 applies in relation to any one of the buyers.
Annotations
Modifications
- C1
Sch. 5 applied (with modifications) (1.4.2018) by The Land Transaction Tax (Transitional Provisions) (Wales) Regulations 2018 (S.I. 2018/126), regs. 1(2), 12
Commencement
- I1
Sch. 5 para. 6 in force at 1.4.2018 by S.I. 2018/34, art. 3