SDLTM24745 - Withdrawal of Relief
Seeding relief may be withdrawn where:
a fund/purchaser ceases to qualify as a PAIF/CoCS. See SDLTM24750
a RIF converts to a CoACS and the RIF did not meet the ‘Genuine Diversity of Ownership’ condition or the non-close condition, other than by relying solely on a ‘grace period’. See SDLTM24780
the fund/purchaser fails to meet the ‘Portfolio Test’ at any time before the end of the seeding period. See SDLTM25765
the vendor makes a ‘relevant disposal’. See SDLTM24770
a purchased property is a Dwelling Occupied by a Non-Qualifying Individual. See SDLTM24775
the fund/purchaser is a CoACS, and that fund ceases to meet the ‘Genuine Diversity of Ownership’ condition. See SDLTM24780
Where relief is withdrawn, a further land transaction return will be required. See SDLTM50400 .