Paragraph 5 F1F2
If an election is made, the field ceases to be taxable with effect from the start of the first chargeable period to begin after the election is made.
Annotations
Textual amendments
- F1
Sch. 20A inserted (21.7.2008) by Finance Act 2008 (c. 9), s. 107(6), Sch. 33 para. 1
- F2
Sch. 20B paras. 2-7 and cross-headings substituted for Sch. 20B paras. 2-12 (retrospective to 23.11.2016) by Finance (No. 2) Act 2017 (c. 32), s. 44(1)(4)
Notes on Schedule 20B
Textual amendments
- F2
Sch. 20B: Sch. 20A renumbered as Sch. 20B (21.7.2009) by Finance Act 2009 (c. 10), Sch. 45 para. 3(1)