Meaning of “acquisition” and “market value” in relation to dwelling and permitted area
This section has no associated Explanatory Notes
22References in this schedule to—
(a)the acquisition of a dwelling are to the acquisition, by way of grant or transfer, of a major interest in the dwelling,
(b)the market value of a dwelling and of the permitted area are, respectively, to the market value of that major interest in the dwelling and of that interest so far as it relates to that area.