Section 514 | Balancing events

The following are balancing events in relation to a qualifying dwelling-house—

(a)the relevant interest in the dwelling-house is sold;

(b)if the relevant interest in the dwelling-house is a lease, the lease ends otherwise than on the person entitled to it acquiring the interest reversionary on it;

(c)the dwelling-house is demolished or destroyed;

(d)the dwelling-house ceases altogether to be used (without being demolished or destroyed).