{
  "url": "https://openlegislation.uk/finance-act-2006/schedule-8/paragraph-18",
  "json_url": "https://openlegislation.uk/finance-act-2006/schedule-8/paragraph-18.json",
  "legislation": "ukpga/2006/25",
  "legislation_title": "Finance Act 2006",
  "legislation_url": "https://openlegislation.uk/finance-act-2006",
  "path": "schedule/8/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": null,
  "text": "(1) The additional conditions mentioned in paragraph 17(8) are as follows.\n(2) Condition A is that the commencement of the term of the lease is before 1st April 2009.\n(3) Condition B is that, at the latest, the commencement of the term of the lease is as soon as is reasonably practicable after construction of the asset is substantially complete.\n(4) Condition C is that construction of the asset proceeded continuously on and after 1st April 2006.\n(5) Condition D is that construction of the asset proceeded at the normal pace for an asset of its type.\nFor this purpose, “normal pace” is the pace required to construct the asset in a reasonable time without delays or interruptions and consistent with normal business practice.\n(6) This paragraph is supplemented by paragraph 19.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/18",
    "retrieved_at": "2026-10-29T09:14:22.939634+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}