[Part 5 Special Rules for Particular Purchasers and Transactions]
Finance Act 2003 (2003 c 14) | Legislation

[Part 5 Special Rules for Particular Purchasers and Transactions]

[Spouses and civil partners of UK residents

12

(1)     This paragraph applies where—

(a)     there are two or more purchasers in relation to a chargeable transaction who are or will be jointly entitled to the interest acquired, and

(b)     the following conditions are met in relation to those purchasers.

(2)     The conditions are—

(a)     that, on the effective date of the transaction, the purchasers, or (if there are more than two) two of them, are spouses or civil partners of each other;

(b)     that, on the effective date of the transaction, those spouses or civil partners are living together;

(c)     that one of those spouses or civil partners is UK resident in relation to the chargeable transaction;

(d)     that (apart from this paragraph) one of those spouses or civil partners is non-resident in relation to the chargeable transaction;

(e)     that neither of the spouses or civil partners is acting as a trustee of a settlement.

(3)

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