Related Commentary  Related CasesRelated HMRC Manuals

71A(1)  This section applies where arrangements are entered into between a person and a financial institution under which–

(a)the institution purchases a major interest in land or an undivided share of a major interest in land (“the first transaction”),

(b)where the interest purchased is an undivided share, the major interest is held on trust for the institution and the person as beneficial tenants in common,

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.