Paragraph 2

England, Wales and Scotland

Subject to paragraph 3 of this Schedule, where—

(a)

a person has incurred expenditure eligible for a grant under Part II of this Act in respect of a hotel; and

(b)

after the execution of the work which gave rise to the expenditure but before the relevant time his interest in the hotel has been directly or indirectly transferred to a person who at that time is the occupier or a lessor of the hotel,

the expenditure shall be treated, for the purposes of the grant, as if it had been incurred by the person (whether the occupier or a lessor) in whom the interest is vested at the relevant time.

Notes on Schedule 4

Textual amendments

F1: Sch. 4 repealed (19.11.1998) by 1998 c. 43, s. 1(1), Sch. 1 Pt. IV Group 3