F1SCHEDULE 10ASub-sale development relief
PART 2The relief
General
2.
(1)
Relief under this schedule may be claimed by the buyer (the “first buyer”) in a contract (the “first contract”) for the acquisition by that buyer of a chargeable interest under which the acquisition is to be completed by a conveyance if—
(a)
there is a qualifying sub-sale, and
(b)
the qualifying conditions are met.
(2)
The reference in sub-paragraph (1) to a contract does not include a contract that is a sub-sale or an assignation of rights in relation to another contract.