# Finance Act 1980, Paragraph 16

Extent: E+W+S+N.I.

Paragraph 11 above does not apply if within five years after the making of the exempt distribution there is a chargeable payment; and the time for making an assessment under section 21 of the Development Land Tax Act 1976 by virtue of this paragraph shall not expire before the end of three years after the making of the chargeable payment.

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Source: https://www.legislation.gov.uk/ukpga/1980/48/schedule/18/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-1980/schedule-18/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.