4. New paragraph 3A

In the principal Notification, after paragraph 3, insert —“Exemptions relating to non‑residential property on or after 5 December 20253A.—

A person is exempted from section 50(1)(a) of the Act, in relation to his or her purchase of a new property on or after 5 December 2025, if —

the other flat, house, building or land mentioned in section 50(1)(a) of the Act that the person, his or her spouse or any authorised occupier owns or has an estate or interest in is a non‑residential property; and

at all times during the relevant period, the person, his or her spouse and any authorised occupier do not own or have an estate or interest in more than one non‑residential property.

A person is exempted from section 50(1)(b) of the Act, in relation to his or her purchase of a new property on or after 5 December 2025, if —

the flat, house, building or land that the person, his or her spouse or any authorised occupier sold or divested himself or herself of any interest in within the time mentioned in that provision, was a non‑residential property; and

at the time of the sale or divestment mentioned in sub‑paragraph (a), the person, his or her spouse and any authorised occupier did not own or have an interest in any other non‑residential property.”.