Textual Amendments
F1Sch. 10 substituted (with effect in accordance with art. 1(2) of the amending S.I.) by The Value Added Tax (Buildings and Land) Order 2008 (S.I. 2008/1146), arts. 1(1), 2 (with Sch. 2)
11.An option to tax has no effect in relation to any grant made to an individual if—
(a)the land is to be used for the construction of a building intended for use by the individual as a dwelling, and
(b)the construction is not carried out in the course or furtherance of a business carried on by the individual.]