Schedule 10, Part 1, paragraph 28(6)

But they must have regard in particular to— the total value of any exempt supply to which any grant in relation to the land gives rise and which is made or to be made before the day from which the person wants the option to have effect, the expected total value of any supply to which any grant in relation to the land gives rise that would be taxable (if the option has effect), and the total amount of input tax incurred, or likely to be incurred, in relation to the land.

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