# Finance Act 1974, Paragraph 18


Where an interest in land consisting of a reversion on a lease is under subsection (1) of the principal section or paragraph 2(3) of this Schedule deemed to have been disposed of, paragraph 7 of [Schedule 3 to the Capital Gains Tax 1979 ] (deduction allowable under [Section 32(1)(b) of that Act] in respect of amount chargeable to tax under section 80(2) of the Taxes Act as being a premium the payment of which is deemed to be required by a lease) shall not apply for the purposes of the computation of any gain accruing on the disposal.

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/9/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-9/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.