# Finance Act 1974, Paragraph 5


In the case of a relevant chargeable building, subsection (1) of the principal section shall not apply to an interest in the relevant land which does not fall within paragraph 2, 3 or 4 of this Schedule if the market value of that interest on the material date is less than £10,000.

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/9/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-9/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.