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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2002 - onwards
  Version 2 of 2    

372X. Rented residential accommodation: deduction for certain expenditure on construction.

Repealed from 1 January 2002

(1) In this section -

'qualifying lease', in relation to a house, means, subject to section 372Z(2), a lease of the house the consideration for the grant of which consists -

(a) solely of periodic payments all of which are or are to be treated as rent for the purposes of Chapter 8 of Part 4, or

(b) of payments of the kind mentioned in paragraph (a), together with a payment by means of a premium which does not exceed 10 per cent of the relevant cost of the house;

'qualifying premises' means, subject to subsections (3), (4) and (5) of section 372Z, a house -

(a) the site of which is wholly within the site of a qualifying park and ride facility,

(b) in respect of which the relevant local authority gives to the person constructing the house a certificate in writing stating that it is satisfied that the house or, in a case where the house is one of a number of houses in a single development, the development of which it is part complies with the requirements laid down in the guidelines

Comparing proposed amendment...