[Part 2 Meaning of “Non-Resident Transaction”]
Finance Act 2003 (2003 c 14) | Legislation

[Part 2 Meaning of “Non-Resident Transaction”]

[Meaning of “non-resident transaction”

2

(1)     A chargeable transaction is a “non-resident transaction” for the purposes of this Part of this Act if—

(a)     the purchaser is, or (if there is more than one) the purchasers include, a person who is non-resident in relation to the transaction,

(b)     the main subject-matter of the transaction consists of—

(i)     a major interest in one or more dwellings, or

(ii)     a major interest

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