116 Meaning of “residential property”
Finance Act 2003 (2003 c 14) | Legislation

Interpretation etc

116  Meaning of “residential property”

(1)     In this Part “residential property” means—

(a)     a building that is used or suitable for use as a dwelling, or is in the process of being constructed or adapted for such use, and

(b)     land that is or forms part of the garden or grounds of a building within paragraph (a) (including any building or structure on such land), or

(c)     an interest in or right over land that subsists for the benefit of a building within paragraph (a) or of land within paragraph (b);

and “non-residential property” means any property that is not residential property.

This is subject to the rule in subsection (7) in the case of a transaction involving six or more dwellings.

(2)     For the purposes of subsection (1) a

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