Schedule 10, Part 1, paragraph 21(5)

A person is not to be treated as a result of this paragraph as exercising an option to tax in relation to any building or land if— a relevant interest in the building or land is acquired as mentioned in sub-paragraph (1), and on the relevant assumptions the case would fall within paragraph 28 (pre-option exempt grants: requirement for prior permission before exercise of option to tax).

← 4 · All articles · 6 →

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