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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2023 - onwards
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372AAA. Interpretation (Chapter 13).

In this Chapter -

"market value", in relation to a building, structure or house, means the price which the unencumbered fee simple of the building, structure or house would fetch if sold in the open market in such manner and subject to such conditions as might reasonably be calculated to obtain for the vendor the best price for the building, structure or house, less the part of that price which would be attributable to the acquisition of, or of rights in or over, the land on which the building, structure or house is constructed;

"PPS number" and "tax reference number" have the same meanings respectively as in section 477B(1);

"qualifying period" means the period commencing on the date of the coming into operation of section 30 of the Finance Act 2013 and ending on 1 December 2027;

"refurbishment", in relation to a building, structure or house, means any work of construction, reconstruction, repair or renewal, including the provision or improvement of water, sewerage or heating facilit

Comparing proposed amendment...