Schedule 10, Part 1, paragraph 14(5)

For the purposes of this paragraph references to the grantor’s development of the land are to the acquisition by the grantor of the asset which— consists in the land or a building or part of a building on the land, and is, or (as the case may be) was intended or expected to be, a relevant capital item in relation to the grantor (within the meaning of paragraph 13).

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Source: legislation.gov.uk · retrieved 2026-07-28