Prospective
(1)In each financial year, a taxpayer is entitled to deduct 29 building control events (a “levy-free allowance”) under Step 3 of section 10(1).
(2)The Scottish Ministers may, by regulations, make further provision for and in connection with the levy-free allowance.
(3)Regulations under subsection (2) may, in particular, include provision—
(a)setting the number of building control events which constitute a levy-free allowance,
(b)setting different numbers of building control events constituting levy-free allowances for different purposes,
(c)specifying different periods for calculating the quantity of building control events,
(d)specifying building control events which do not count towards a levy-free allowance,
(e)specifying, for the purposes of paragraph (b) of Step 3 of section 10(1), which building control events are to be treated as occurring earlier in an accounting period (including for building control events which occur on the same date),
(f)specifying the date from which a levy-free allowance applies,
(g)about the treatment of groups of companies in relation to levy-free allowances,
(h)about the treatment of connected persons within the meaning of section 1122 of the Corporation Tax Act 2010,
(i)specifying the accounting period or financial year in which the first levy-free allowance period commences, and
(j)for carrying forward unused levy-free allowance from the two accounting periods or financial years preceding the accounting period or financial year.
(4)Before making regulations under subsection (2), the Scottish Ministers must consult—
(a)persons whom they consider represent the interests of the residential property development sector, and
(b)such other persons as the Scottish Ministers consider appropriate.
Commencement Information
I1S. 12 not in force at Royal Assent, see s. 52(2)