# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 7

Extent: E+W

A transaction is not a higher rates residential property transaction under paragraph 3 if the main subject-matter of the transaction is a major interest in a dwelling—
(a) in which, immediately before the effective date of the transaction, the buyer or the buyer’s spouse or civil partner had another major interest, and
(b) which, immediately before and after the effective date of the transaction, is the buyer's only or main residence.

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Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/5/paragraph/7 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-5/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.