For the purposes of the disposal condition1, the disposal of any property2 is an 'excluded transaction' in relation to any chargeable person3 if:
(1) it was a disposal of his whole interest in the property, except for any right expressly reserved by him over the property, either by a transaction made at arm's length with a person not connected with him, or by a transaction such as might be expected to be made at arm's length between persons not connected with each other4;
(2) the property was transferred to his spouse or civil partner (or, where the transfer has
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