Value Added Tax Act 1994

Introductory U.K.

[F1 [F2 35. (1) This Part of this Schedule applies where one or more relevant zero-rated supplies relating to a building (or part of a building) have been made to a person (“P”).

(2) In this Part of this Schedule—

• “relevant zero-rated supply” means a grant or other supply which relates to a building (or part of a building) intended for use solely for—

  (a)

  a relevant residential purpose, or

  (b)

  a relevant charitable purpose,

  and which, as a result of Group 5 of Schedule 8, is zero-rated (in whole or in part);

• “relevant premises” means the building (or part of a building) in relation to which a relevant zero-rated supply has been made to P;

• “relevant period”, in relation to relevant premises, means 10 years beginning with the day on which the relevant premises are completed.

(3) Where P is a [F3 person] treated as a member of a group under sections 43A to 43D, any reference in this Part of this Schedule to P includes a reference to any member of that group.]]

Textual Amendments

F1 Sch. 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)

F2 Sch. 10 paras. 35-37 substituted (with effect in accordance with art. 3 of the amending S.I.) by The Value Added Tax (Buildings and Land) Order 2011 (S.I. 2011/86), arts. 1, 8

F3 Word in Sch. 10 para. 35(3) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 15(5); S.I. 2019/1348, reg. 2