Sch 2 para 16C
(1) For the purposes of paragraph 16A a person “disposes of residential property” if the person disposes of an interest in land in a case where— (a) the land consisted of or included a dwelling at any time falling on or after the date on which the applicable period begins, (b) the interest in land subsisted for the benefit of land that consisted of or included a dwelling at any time falling on or after that date, or (c) the interest in land subsists under a contract for the acquisition of land consisting of or including a building that is to be constructed or adapted for use as a dwelling. (2) No account is to be taken for the purposes of this paragraph of any time falling on (or after) the day on which the disposal is made.