Commentary on Sections Schedule 5 - Higher rates residential property transactions Property adjustment on divorce, dissolution of civil partnership etc.
214.Paragraph 26 provides for a further exception to the higher rates residential property transaction rules. A buyer does not need to take into account when acquiring a new residential dwelling a major interest held in a former matrimonial residence where that interest is retained as a result of an order made in relation to divorce or dissolution of a civil partnership. That interest must be the only or main residence of the person for the benefit of whom the order is made. Any other dwellings owned will, however, need to be taken into account.