F1SCHEDULE 10ASub-sale development relief

PART 4Supplementary

Qualifying sub-sale: consideration

17.

Where relief under this schedule is given the chargeable consideration for the qualifying sub-sale is—

(a)

so much of the consideration under the first land transaction as is referable to the subject-matter of the qualifying sub-sale and is to be given (directly or indirectly) by the second buyer or a person connected with the second buyer, and

(b)

the consideration given for the qualifying sub-sale.