Amount of tax chargeable where relief withdrawnS
17SWhere relief is withdrawn, the amount of tax chargeable is determined in accordance with paragraph 18.
Commencement Information
I1 Sch. 8 para. 17 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
18SThe amount chargeable is the tax that would have been chargeable in respect of the first transaction (but for the relief under paragraph 15) if the chargeable consideration for that transaction had been an amount equal to—
(a)the market value of the subject-matter of the transaction, or
(b)if the acquisition was the grant of a lease, the rent.
Commencement Information
I2 Sch. 8 para. 18 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2