# Finance Act 1974, Paragraph 17


Where an interest in land is under subsection (1) of the principal section or paragraph 2(3) of this Schedule deemed to have been disposed of on a particular date and on that date there was a part disposal of that interest in consequence of the grant out of that interest of a lease in respect of which a premium was required under that lease or otherwise under the terms subject to which that lease was granted, that part disposal shall be disregarded for all purposes of [the Capital Gains Tax Act 1979 ].

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/9/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-9/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.