Finance Act 2013
2013 CHAPTER 29
Introduction
Sections 94 – 174, Schedules 33, 34, 35: Annual Tax on Enveloped Dwellings
Details of the Sections
Section 113 - Substantial performance of “off-plan” purchase
105.Subsection (1) applies subsection (2) to substantial performance of a contract to acquire a chargeable interest in land or a building to be constructed or adapted, beginning after substantial performance of that contract.
106.Subsection (2) defines the chargeable interest for the purposes of subsection (1)(b).
107.Subsection (3) disapplies subsection (2) if the subject of the contractual obligations cease to have effect before the construction or adaptation work is started.
108.Subsection (4) excludes a building that is used for a purpose specified in sections 116(2) or (3) of FA 2003 from being considered a dwelling under subsection (1).
109.Subsection (5) defines “contract” and the meaning of “substantially performed” for this section.
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- Nodiadau Esboniadol Tabl o’r Cynnwys
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