12Power to modify exemptions
This section has no associated Explanatory Notes
(1)Regulations may—
(a)create an additional exemption from tax,
(b)modify an existing exemption, or
(c)remove an exemption.
(2)The regulations may provide for an exemption to apply subject to conditions (for example, a condition requiring WRA to be notified before a disposal is made).
(3)The regulations may amend any enactment relating to the tax.