- acceptance period
has the same meaning as in paragraph 36C.
- alternative finance arrangement
means an arrangement of a kind mentioned in section 71A(1) or 73(1), • “financial institution” has the meaning it has in those sections (see section 73BA), and • “first transaction”, in relation to an alternative finance arrangement, has the meaning given by section 71A(1)(a) or (as the case may be) section 73(1)(a)(i).
- alternative finance arrangements
means any arrangements such as are mentioned in section 71A, 72, 72A or 73;
- amount otherwise charged
means the total of any chargeable gains attributed to the beneficiary under section 87(4) or 89(2) by virtue of the capital payment. 4 For the purposes of paragraph 13(5)(b) a deemed capital payment under this paragraph shall be treated as made when the actual capital payment mentioned in sub-paragraph (1) above was made. 5 Expressions used in this paragraph and section 10A have the same meanings in this paragraph as in that section”
- an appropriate proportion
means an appropriate proportion having regard to the subject-matter of the relevant transaction and what is held at the relevant time by the acquiring company or, as the case may be, by that company and any relevant associated companies.
- annual rent
has the meaning given in paragraph 9A of Schedule 5, • “relevant rent” means— (a) the annual rent, or (b) in the case of the grant of a lease to which paragraph 11 or 19 of Schedule 15 applies, the relevant chargeable proportion of the annual rent (as calculated in accordance with that paragraph), and • “relief” does not include an exemption from charge under Schedule 3.
- appeal tribunal
means a the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal;
- appropriate proportion
means an appropriate proportion having regard to the subject-matter of the relevant transaction and what is held by the purchaser at the time it ceases to be a co-ownership... contractual scheme.
- arrangements
includes any scheme, agreement or understanding, whether or not legally enforceable;
- assignment of rights
has the meaning given by paragraph 2(1);
- associated company
has the same meaning as, by virtue of section 416 of ICTA, it has for the purposes of Part 11 of ICTA, “director” has the same meaning as in the benefits code (see section 67) but also includes a person who is to be or has been a director, “employee” includes a person who is to be or has been an employee, and “employee-controlled” has the same meaning as in Chapters 1 to 4 of this Part (see section 421H(1)).”
- associated person
has the meaning indicated in section 421C. 6 In this Chapter— • “associated company”, and • “employee-controlled”, • have the meaning indicated in section 421H. 7 In this Chapter— • “restricted interest in securities”, and • “restricted securities”, • have the meaning indicated in sections 423 and 424. 8 In this Chapter “restriction”, in relation to securities or an interest in securities, means provision relating to the securities or interest which is made by any contract, agreement, arrangement or condition and to which any of subsections (2) to (4) of section 423 applies. 9 In this Chapter “variation”, in relation to a restriction, has the meaning indicated in section
- assured tenancy
has the same meaning as in Part 1 of the Housing Act 1988;
- attributable
means attributable on a just and reasonable basis;
- authorised officer
means an officer of the Board authorised by the Board for the purposes of this paragraph.
- authorised officer of the Board
means an officer of the Board authorised by the Board for the purposes of this Part of this Schedule.
- authorised plan provider
means a person authorised under the Financial Services and Markets Act 2000 to carry on in the United Kingdom the regulated activity specified in article 63B(1) of the Regulated Activities Order (entering into regulated home reversion plan as plan provider);
- balance sheet total
has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- bare trust
means a trust under which property is held by a person as trustee— and includes a case in which a person holds property as nominee for another.
- betting-exchange business
means a business such as is mentioned in section 5AB(1). ”;
- building
includes part of a building.
- business
includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping. 7 For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate. 8 In this paragraph— • “euro” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- business gift
means a gift of goods that is made in the course or furtherance of the business in question;
- chargeable event
means an event which is a chargeable event for the purposes of section 426. 6 In this Chapter “restriction” has the same meaning as in Chapter 2 of this Part (see section 432(8)). 7 In this Chapter— • “non-commercial increase”, and • “non-commercial reduction”, • have the meaning indicated in section 446K(4). 8 In this Chapter— • “relevant period”, and • “valuation date”, • have the meaning indicated in section 446O.”
- chargeable interest
means— other than an exempt interest.
- chargeable section 440A holding
means a holding which is a separate holding by virtue of subsection (2)(a)(iii) or (d) of section 440A of the Taxes Act (and subsections (3) and (4) of that section), • “internal linked fund” has the same meaning as in section 432ZA of the Taxes Act, and • “section 440A securities” means securities within the meaning of section 440A of the Taxes Act.”
- charitable trust
means—...
- Child
means a person under the age of 18.
- co-ownership authorised contractual scheme
means a co-ownership scheme which is authorised for the purposes of FSMA 2000 by an authorisation order in force under section 261D(1) of that Act;
- co-ownership contractual scheme
means—
- co-ownership scheme
has the same meaning as in FSMA 2000 (see section 235A of that Act);
- co-ownership scheme seeding relief
means relief under paragraph 10;
- collective investment scheme
has the meaning given by section 235 of FSMA 2000;
- company
means a company as defined by section 1 of the Companies Act 2006....
- company UK REIT
has the same meaning as in Part 12 of CTA 2010 (see section 524(5) of that Act);
- completion
has the same meaning as in section 44;
- compulsory purchase facilitating development
means—
- conclusion date
means the date of the document notifying the conclusions of the review.
- connected
has the same meaning as in section 1122 of the Corporation Tax Act 2010;
- connected arrangements
means any arrangements entered into in connection with the making of the alternative finance arrangements (including arrangements involving one or more persons who are not parties to the alternative finance arrangements);
- connected company
has the same meaning as in paragraph 18.”
- connected person
means a person who is connected with the purchaser.
- consequential claim
means any claim, supplementary claim, election, application or notice that may be made or given under section 36(3), 43(2) or 43A (as it applies by virtue of subsection (1) or (2) above or otherwise).”
- constitutional document
means a memorandum of association, articles of association or any other similar document regulating the affairs of the joint venture company;
- construction operations
has the same meaning as in Chapter 3 of Part 3 of the Finance Act 2004 (see section 74 of that Act).
- contract
includes any agreement and “conveyance” includes any instrument.
- contract of insurance
has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544);
- Contract of long-term insurance
means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. 3 “Protection business” means contracts of long-term insurance where— a either— i the contract has no surrender value;
- Contract settlement
means an agreement made in connection with any person's liability to make a payment to the Commissioners for Her Majesty's Revenue and Customs under or by virtue of an enactment.
- contravene
includes fail to comply with;
- control
has the meaning given by section 1124 of the Corporation Tax Act 2010.
- control period
means the period of 3 years beginning with the day following the last day of the seeding period;
- convertible securities
has the same meaning as in Chapter 3 of this Part (see section 436).”
- conveyance
includes any instrument.
- credit voucher
has the meaning given by paragraph 3(1) above;
- Crown employment
means employment under the Crown—
- debt
means an obligation, whether certain or contingent, to pay a sum of money either immediately or at a future date,
- default licence
means a licence granted under paragraph 3(1) of Schedule 4A to this Act;
- demand notice
means a demand notice within the meaning of section 30;
- director
has the same meaning as in the benefits code (see section 67) but also includes a person who is to be or has been a director, “employee” includes a person who is to be or has been an employee, and “employee-controlled” has the same meaning as in Chapters 1 to 4 of this Part (see section 421H(1)).”
- disqualifying event
means—
- dormant account
means an account in which deposits may not be made because of provision made by virtue of paragraph (c) or (d) of that subsection;
- due date
has the meaning given by paragraph 2(4) of that Schedule.”
- dwelling
includes—
- employee
includes an office-holder and related expressions have a corresponding meaning;
- employee-controlled
has the same meaning as in Chapters 1 to 4 of this Part (see section 421H(1)).”
- employment
includes a former or prospective employment. 3 A right or opportunity to acquire securities or an interest in securities made available by a person’s employer, or by a person connected with a person’s employer, is to be regarded for the purposes of subsection (1) as available by reason of an employment of that person unless— a the person by whom the right or opportunity is made available is an individual, and b the right or opportunity is made available in the normal course of the domestic, family or personal relationships of that person. 4 Chapters 2 to 4 cease to apply to securities, or an interest in securities, when subsection (5), (6) or (7) is satisfied. 5 This subsection is satisfied immediately after the securities are, or the interest in securities is, disposed of otherwise than to an associated person. 6 This subsection is satisfied immediately before the death of the employee. 7 This subsection is satisfied 7 years after the first date after the acquisition on which the employee is an employee of none of the following— a the employer, b (if the securities are, or the interest in securities is an interest in, securities issued by a company) the company by whi
- employment-related securities
has the same meaning as in Chapters 1 to 4 of Part 7.”
- employment-related securities option
means a securities option to which this Chapter applies. 472 1 For the purposes of this Chapter the following are “associated persons” in relation to an employment-related securities option— a the person who acquired the employment-related securities option on the acquisition, b (if different) the employee, and c any relevant linked person. 2 A person is a relevant linked person if— a that person (on the one hand), and b either the person who acquired the employment-related securities option on the acquisition or the employee (on the other), are connected or, although not connected, are members of the same household. 3 But a company which would otherwis
- energy efficiency
includes—
- English local authority
means—
- entry notice
has the meaning it has in the Co-ownership Contractual Schemes (Tax) Regulations 2025.
- euro
means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- event
includes any change of circumstance or change of plan;
- excluded rents
has the same meaning as in section 133 of the Finance Act 2013;
- exempt amount
has the meaning given by section 3 (read, where appropriate, with Schedule 1).”
- existing local constituency association
means a local constituency association whose area was the same, or substantially the same, as the area of a former parliamentary constituency or two or more such constituencies, and
- external investment
means a non-land transaction in which the vendor is an external investor;
- external investor
means a person other than a person who has been a vendor in a transaction— (a) the effective date of which is on or before the date of the non-land transaction, and (b) in respect of which conditions A to C in paragraph 10 are met;
- face value
has the meaning given by paragraph 1(2) above;
- face value voucher
has the meaning given by paragraph 1(1) above;
- face-value voucher
means a token, stamp or voucher (whether in physical or electronic form) that represents a right to receive goods or services to the value of an amount stated on it or recorded in it. 2 References in this Schedule to the “face value” of a voucher are to the amount referred to in sub-paragraph (1) above. 2 The issue of a face-value voucher, or any subsequent supply of it, is a supply of services for the purposes of this Act. 3 1 This paragraph applies to a face-value voucher issued by a person who— a is not a person from whom goods or services may be obtained by the use of the voucher, and b undertakes to give complete or partial reimbursement to any such person from whom goods or services are so obtained.
- farming
has the same meaning as in the Corporation Tax Acts (see section 1125 of CTA 2010), except that in this paragraph “farming” includes market gardening;
- financial institution
has the meaning it has in those sections (see section 73BA), and • “first transaction”, in relation to an alternative finance arrangement, has the meaning given by section 71A(1)(a) or (as the case may be) section 73(1)(a)(i).
- first-time buyer
means an individual who—
- for enforcement purposes
means for the purposes of the following provisions of this Part of this Act—
- former parliamentary constituency
means an area that, for the purposes of parliamentary elections, was a constituency immediately before that date but is no longer such a constituency after that date;
- franchise
means a grant from the Crown such as the right to hold a market or fair, or the right to take tolls.
- free-standing transfer
has the meaning given by paragraph 2(2);
- futures
means rights under a contract for the sale of a commodity or other property under which delivery is to be made at a future date at a price agreed when the contract is made;
- general insurance company
means a company that has permission under Part 4A of the Financial Services and Markets Act 2000 (c. 8)... to effect or carry out contracts of insurance;
- goods
includes services;
- group
means a company and its 51% subsidiaries, and b “group relief” has the same meaning as in section 402(6) of ICTA. 446B 1 This section applies where the market value of employment-related securities at the time of the acquisition has been reduced by at least 10% as a result of things done otherwise than for genuine commercial purposes within the period of 7 years ending with the acquisition. 2 The taxable amount determined under section 446C counts as employment income of the employee for the tax year in which the acquisition occurs. 3 But this section does not apply if section 425(2) (no charge on acquisition of certain restricted securities or restricted interests in securities) applies in relation to the employment-related securities. 4 This section does not affect any liability to income tax arising in respect of the acquisition of the employment-related securities under— a Chapter 1 of Part 3 (earnings), b Chapter 10 of Part 3 (taxable benefits: residual liability to charge), c Chapter 3 of this Part (acquisition by conversion), d Chapter 3C of this Part (acquisition for less than market value), or e Chapter 5 of this Part (acquisition pursuant to securities option). 44
- group company
means (where V is a company) a company which is a member of the same group of companies as V for the purposes mentioned in paragraph 1(2) of Schedule 7 (group relief);
- group relief
has the same meaning as in section 402(6) of ICTA. 446B 1 This section applies where the market value of employment-related securities at the time of the acquisition has been reduced by at least 10% as a result of things done otherwise than for genuine commercial purposes within the period of 7 years ending with the acquisition. 2 The taxable amount determined under section 446C counts as employment income of the employee for the tax year in which the acquisition occurs. 3 But this section does not apply if section 425(2) (no charge on acquisition of certain restricted securities or restricted interests in securities) applies in relation to the employment-related securities. 4 This section does not affect any liability to income tax arising in respect of the acquisition of the employment-related securities under— a Chapter 1 of Part 3 (earnings), b Chapter 10 of Part 3 (taxable benefits: residual liability to charge), c Chapter 3 of this Part (acquisition by conversion), d Chapter 3C of this Part (acquisition for less than market value), or e Chapter 5 of this Part (acquisition pursuant to securities option). 446C 1 The taxable amount for the purposes of section 446B
- group UK REIT
has the same meaning as in Part 12 of CTA 2010 (see section 523(5) of that Act).
- HMRC
means Her Majesty’s Revenue and Customs;
- homeworking arrangements
means arrangements between the employee and the employer under which the employee regularly performs some or all of the duties of the employment at home;
- host employer
means a person other than the employer in question— a for whom the employee in question works at the time of the reportable event, and b who would, by virtue of subsection (2) of section 689 (employees of non-UK employers working for a person other than the employer), be treated for the purposes of PAYE regulations as making a payment of PAYE income of the employee in question if a payment to which subsection (5) would apply were made by the employer in question in respect of the period during which the employee works for the other person. 5 For the purposes of subsection (4)(b) this subsection would apply to a payment if— a it were a payment of PAYE income of the employee, a
- house-building company
means a company that carries on the business of constructing or adapting buildings or parts of buildings for use as dwellings.
- household expenses
means expenses connected with the day to day running of the employee’s home.”
- housing authority
means—
- import VAT
means value added tax chargeable by virtue of section 1(1)(c) of the Value Added Tax Act 1994 (c. 23) (importation of goods into the United Kingdom);
- inheritance
means the acquisition of an interest in or towards satisfaction of an entitlement under or in relation to the will of a deceased person, or on the intestacy of a deceased person.
- insurance business transfer scheme
has the same meaning as in Part 7 of the Financial Services and Markets Act 2000;
- insurance company
means a company that carries on the business of effecting or carrying out contracts of insurance;
- interest in a single dwelling
means so much of the subject-matter of a chargeable transaction as consists of a chargeable interest in or over a single dwelling (together with appurtenant rights).
- internal linked fund
has the same meaning as in section 432ZA of the Taxes Act, and • “section 440A securities” means securities within the meaning of section 440A of the Taxes Act.”
- joint venture company
means a company which— (a) has two or more member companies, and (b) carries on a commercial activity governed by an agreement regulating the affairs of its members;
- jointly entitled
means— (a) in England..., beneficially entitled as joint tenants or tenants in common, (b)................................
- land
includes— (a) buildings and structures, and (b) land covered by water;
- land transaction
means any acquisition of a chargeable interest.
- large employer
means a person paying PAYE income to 250 or more recipients (and regulations under this section may make provision as to the date or period by reference to which this is to be determined and the circumstances in which a person is to be treated as paying PAYE income to a recipient);
- large risks
means— a risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- lease
means—
- legislation
means any enactment, EU or subordinate legislation;
- limited liability partnership
means a limited liability partnership formed under the Limited Liability Partnerships Act 2000 (c. 12) or the Limited Liability Partnerships Act (Northern Ireland) 2002 (c. 12 (N.
- limiting or deterrent effect
means an effect which—
- local constituency association
means an unincorporated association (whether described as an association, a branch or otherwise) whose primary purpose is to further the aims of a political party in an area that at any time is or was the same or substantially the same as the area of a parliamentary constituency or two or more parliamentary constituencies, and
- market gardening
has the same meaning as in the Corporation Tax Acts (see section 1125(5) of CTA 2010).
- market value
has the meaning indicated in section 421(1). 3 For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of the consideration given for anything and section 421I applies for determining the amount of the consideration given for the acquisition of employment-related securities. 4 In this Chapter— • “the acquisition”, • “the employee” (except in section 429), • “the employer”, • “the employment”, and • “employment-related securities”, • have the meaning indicated in section 421B(8). 5 In this Chapter “associated person” has the meaning indicated in section 421C. 6 In this Chapter— • “associated company”, and • “employee-controlled”, • have the me
- matter in question
means the matter to which an appeal relates;
- member
means a holder of shares or securities in the joint venture company.
- minimum rent
means the lowest rent which could become payable under the lease if it were altered as mentioned in sub-paragraph (2)(c) at the date when the lease is granted.
- modification of a planning obligation
means modification as mentioned in section 77(1) of that Act.
- mortgage
means— (a) in England..., and Northern Ireland, any legal or equitable charge, and (b) in Scotland, any right in security.
- mutual insurance company
means an insurance company carrying on business without having any share capital;
- net turnover
has the meaning given to “turnover” by section 262(1) of that Act or Article 270(1) of that Order;
- new association
means a local constituency association whose area is the same, or substantially the same, as that of a new parliamentary constituency or two or more such constituencies.
- new parliamentary constituency
means an area that, for the purposes of parliamentary elections, is such a constituency after that date but was not such a constituency immediately before that date.
- non-commercial increase
means an increase in the market value as a result of anything done otherwise than for genuine commercial purposes, and • “non-commercial reduction” means a reduction in the market value as a result of anything done otherwise than for genuine commercial purposes. 446L 1 This section applies in relation to employment-related securities where on a date that is the valuation date in relation to a relevant period IMV is at least 10% greater than MV. 2 The taxable amount determined under subsection (4) counts as employment income of the employee for the relevant tax year (but subject to sections 446M and 446N). 3 The “relevant tax year” is the tax year in which the valuat
- non-commercial reduction
means a reduction in the market value as a result of anything done otherwise than for genuine commercial purposes. 446L 1 This section applies in relation to employment-related securities where on a date that is the valuation date in relation to a relevant period IMV is at least 10% greater than MV. 2 The taxable amount determined under subsection (4) counts as employment income of the employee for the relevant tax year (but subject to sections 446M and 446N). 3 The “relevant tax year” is the tax year in which the valuation date falls. 4 The taxable amount is— 5 IMV is the market value of the employment-related securities on the valuation date. 6 MV is the amount t
- non-land transaction
means a transaction by which the scheme acquires assets which do not consist of or include a chargeable interest.
- non-qualifying individual
has the meaning given by paragraph 9 (in relation to a property AIF) and paragraph 19 (in relation to a co-ownership... contractual scheme);
- Non-redeemable shares
means shares that are not redeemable shares.
- notice
means notice in writing;
- number of employees
has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
- offshore fund
has the meaning given by section 355 of the Taxation (International and Other Provisions) Act 2010;
- open-ended investment company
has the meaning given by section 236 of FSMA 2000;
- option
has the same meaning as in section 144.”
- ownership requirement
has the meaning given in regulation 5 of the 2025 Regulations;
- PAIF
means a body corporate that is a property AIF for the purposes of Schedule 7A to this Act by virtue of paragraph 2(2) of that Schedule;
- partnership
means— or a firm or entity of a similar character to any of those mentioned above formed under the law of a country or territory outside the United Kingdom.
- payee
means any person in receipt of such income;
- payer
means any person paying PAYE income and “payee” means any person in receipt of such income;
- planning obligation
means either of the following— (a) a planning obligation within the meaning of section 106 of the Town and Country Planning Act 1990 that is entered into in accordance with subsection (9) of that section, or (b) a planning obligation within the meaning of section 299A of that Act that is entered into in accordance with subsection (2) of that section;
- portfolio test
has the meaning given by paragraph 6(7) (in relation to a property AIF) and paragraph 16(7) (in relation to a co-ownership... contractual scheme);
- post-review period
means—
- preceding transaction
means a pre-completion transaction that precedes the implemented transaction in a chain of successive pre-completion transactions (all having at least part of their subject-matter in common).
- premises
means premises constituting the whole or part of a building.
- prescribed
means prescribed in an order made under this subsection.
- principal
means—
- Property adjustment order
means—
- property development trade
has the meaning given by paragraph 5(3);
- property rental business
means a property business as defined in Chapter 2 of Part 3 of the Income Tax (Trading and Other Income) Act 2005.
- property trader
means— that carries on the business of buying and selling dwellings.
- property trading business
means a business that— (a) consists of or includes activities in the nature of a trade of buying and selling dwellings, and (b) is run on a commercial basis and with a view to profit;
- property trading business attributable
has the meaning given by paragraph 5(3);
- property-investment partnership
means a partnership whose sole or main activity is investing or dealing in chargeable interests (whether or not that activity involves the carrying out of construction operations on the land in question);
- Protection business
means contracts of long-term insurance where— a either— i the contract has no surrender value;
- provided to the insured free of charge
has the meaning given by sub-paragraph (5) of paragraph 2 or 3 above.
- public subsidy
means any grant or other financial assistance—
- qualifying body
has the same meaning as in paragraph 5;
- qualifying charitable purposes
has the same meaning as in paragraph 1;
- Qualifying employee
means an individual employed for the purposes of the relievable business.
- qualifying farm worker
has the meaning given by paragraph 5F(4);
- qualifying flat
means a flat that is held by a qualifying tenant who is participating in the exercise of the right.
- qualifying housing body
means—
- qualifying partner
means any individual who is a member of the partnership.
- qualifying property rental business
has the same meaning as in section 133 of the Finance Act 2013. • “relievable trade” means a trade that is run on a commercial basis and with a view to profit.
- qualifying subsale
has the meaning given by paragraph 16(8);
- qualifying trade
has the meaning given by paragraph 5B(3);
- qualifying trade of farming
has the meaning given by paragraph 5F(5);
- redundancy
means redundancy within the meaning of ERA 1996 or ER(NI)O 1996, and “retirement” means retirement on or after reaching a retirement age specified in the scheme.”
- regulated home reversion plan
means an arrangement which is a regulated home reversion plan for the purposes of Chapter 15A of Part 2 of the Regulated Activities Order.
- related assignment of rights
means a transaction that is an assignment of rights in relation to the original contract and has some subject-matter in common with the implemented assignment of rights.
- relative
means brother, sister, ancestor or lineal descendant;
- relevant acquisition
means a relevant transaction entered into as purchaser and “relevant disposal” means a relevant transaction entered into as vendor.
- relevant consideration
means—
- relevant court appointment
means—
- Relevant court or tribunal
means the tribunal or court from which permission or leave to appeal is sought.
- relevant date
means the effective date of the relevant land transaction.
- relevant day
means—
- relevant deeming provision
means any of sections 44 to 45A, paragraph 5(1) or (2) of Schedule 2A or paragraph 12A or 19(3) of Schedule 17A.
- relevant disposal
has the meaning given by paragraph 7(3) (in relation to a property AIF) and paragraph 17(3) (in relation to a co-ownership... contractual scheme);
- relevant financial institution
means the financial institution which enters into the alternative finance arrangements.
- relevant goods or services
means goods or services supplied by or to the taxable person. 4 Security under sub-paragraph (2) above shall be of such amount, and shall be given in such manner, as the Commissioners may determine. 5 The powers conferred on the Commissioners by sub-paragraph (2) above are without prejudice to their powers under section 48(7).”
- relevant group member
means a company which is a member of the same group of companies as the relevant person for the purposes mentioned in paragraph 1(2) of Schedule 7.
- relevant housing provider
means—
- relevant information
means any information of the kind mentioned in paragraph 1(4) of Schedule 10 (information corresponding to particulars required under previous legislation).
- relevant interest
has the same meaning as in paragraph 6D;
- relevant international rules
means international agreements so far as applying in relation to a relevant tax or duty and having effect as part of the law of any part of the United Kingdom by virtue of— (a) any Act or statutory instrument,...
- relevant land transaction
means the land transaction to which the withdrawal of seeding relief relates;
- relevant participator
means a participator (within the meaning given by Chapter 2 of Part 10 of CTA 2010) who—
- relevant partnership property
has the meaning given by paragraph 14(5) or (5A) (as appropriate).
- relevant period
means—
- relevant purchased dwelling
means—
- relevant purchaser
means a person who is the transferor under a pre-completion transaction.
- Relevant purposes
means the purposes of—
- relevant requirement
means—