http://www.legislation.gov.uk/ukpga/2013/29/section/128Finance Act 2013An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2026-04-21Expert Participation2026-04-01 Finance Act 2013s. 130(5)(aa)Planning (Consequential Provisions) (Wales) Act 2026Deddf Cynllunio (Darpariaethau Canlyniadol) (Cymru) 2026Sch. 2 para. 415(b)Sch. 5 Pt. 1s. 5(2) PART 31281Subsection (2) applies if one or more dwellings (referred to below as “new dwellings”) are constructed on the site of the old dwelling after the demolition.2Any question as to whether or not a person has a single-dwelling interest at any time either in the old dwelling or in a new dwelling is determined on the assumption that the old dwelling ceases to exist, and the new dwellings come into existence, only when the rebuilding is completed.3The day after the rebuilding is completed is a valuation date in the case of any single-dwelling interest in a new dwelling.4In subsection (1)—a“the site of the old dwelling” means the land on which the dwelling stood and that counted as part of the dwelling;bthe reference to the construction of a dwelling on that site is to the construction of a dwelling wholly or partly on the site.5References to when the rebuilding is completed are to the end of whichever of the following days is earlier—athe completion day;bthe day on which the last of the new dwellings to be occupied is first occupied.6The reference in subsection (5) to the “completion day” is to the day on which the new dwelling is treated as having come into existence (or the first day on which all the new dwellings are treated as having come into existence) for the purposes of—aPart 1 of the Local Government Finance Act 1992 (council tax: England and Wales) (see section 17 of that Act), orbPart 2 of that Act (council tax: Scotland) (see section 83 of that Act), orcthe Rates (Northern Ireland) Order 1977 (S.I. 1977/2157 (N.I. 28)) (see Article 25B of that Order).Pt. 3 applied (17.7.2014) by Finance Act 2014 (c. 26), s. 223(8)(9)(e)Pt. 3 modified (temp.) (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 24 para. 2