Section 134 - Rental property: preparation for sale, demolition etc
208.Subsection (1) provides that relief will be given in respect of a single-dwelling interest for which relief was previously given under section 133 (property rental businesses) but which is now unoccupied in four circumstances:
where steps are being taken to sell that interest without delay;
where steps are being taken to demolish that dwelling without delay and, if it is intended that a new dwelling will be constructed on the site, it is also intended that the new dwelling will be “used in a relievable way”;
where steps are being taken to convert the dwelling into a different dwelling without delay and it is intended that the new dwelling will be “used in a relievable way”; or
where steps are being taken to convert the dwelling into a non-residential building without delay.
Relief will only be given under this section if, for each day after relief ceased to be available under section 133, relief was available under this section 134. In addition, the single-dwelling interest must have been held by the same person or by a “relevant partner” when relief was last given under section 133.
209.Subsection (2) defines “used in a relievable way” as where relief would be available in respect of the relevant dwelling under sections 133 (property rental business), 137 dwellings opened to the public, 148 farmhouses and 145 employee/partner occupation.
210.Subsection (3) defines “relevant partner” and “without undue delay”.
