Schedule 10, Part 1, paragraph 21(3)

A person (P) is not to be treated as a result of this paragraph as exercising an option to tax in relation to any building or land where at any time— P, or any person who was a relevant group member at that time, exercises an option to tax in relation to the building (or part of the building) or land apart from this paragraph, and that option has effect from a time earlier than the time from which an option to tax exercised by P in relation to the building or land would otherwise have been treated as having effect as a result of this paragraph.

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