[Part 1 Eligibility for Relief]
Finance Act 2003 (2003 c 14) | Legislation

[SCHEDULE 6ZA Relief for First-Time Buyers]

[Part 1 Eligibility for Relief]

[Eligibility for relief

1

(1)     Relief may be claimed for a chargeable transaction if the following conditions are met (but this is subject to sub-paragraph (7)).

(2)     The first condition is that the main subject-matter of the transaction consists of a major interest in a single dwelling (“the purchased dwellingâ€).

(3)     The second condition is that the relevant consideration for the transaction (other than any consisting of rent) is not more than £500,000.

(4)     The third condition is that the purchaser, or (if more than one) each of the purchasers, is a first-time buyer who intends to occupy the purchased dwelling as the purchaser's only or main

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