103 Section 102: “substantial” acquisitions and disposals
Finance Act 2013 (2013 c 29) | Legislation

103  Section 102: “substantial” acquisitions and disposals

(1)     For the purposes of section 102—

(a)     the acquisition of a chargeable interest in a dwelling is a “substantial acquisition” only if the chargeable consideration for the acquisition is £40,000 or more;

(b)     the disposal of part (but not the whole) of a single-dwelling interest is a “substantial disposal” only if the chargeable consideration for the acquisition of the chargeable interest by the person acquiring it is £40,000 or more.

(2)     If the acquisition mentioned in subsection (1)(a) is a transaction between persons who are connected with each other or not acting at arm's

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