Schedule 10, Part 1, paragraph 15A(4)

In sub-paragraph (1)(b)(ii)— “the maximum allowable percentage” means— 2% where P is the grantor or a person connected with the grantor, and 10% where P is a development financier or a person connected with a development financier (but not also the grantor or a person connected with the grantor), and “relevant building”— means a building any relevant interest in which is included in the grant, other than any part of such a building in which, immediately before the grant, neither the grantor nor any person connected with the grantor held a relevant interest, but does not include any building P’s occupation of which arises solely by reference to any automatic teller machine of P.

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