Schedule 10, Part 1, paragraph 17

A grant in relation to land which was made— is treated for the purposes of paragraph 12 as made on 10th March 1999 if, at the time of the grant, the capital item test was met. on or after 19th March 1997, and before 10th March 1999, The capital item test was met if the person making the grant, or a development financier, intended or expected that— would become a capital item in relation to the grantor or any relevant transferee but it had not become such an item. the land, or a building or part of a building on, or to be constructed on, the land, For the purposes of that test “capital item” and “relevant transferee” have the meaning given by paragraph 13.

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