# Finance Act 2006, Paragraph 18


(1) The additional conditions mentioned in paragraph 17(8) are as follows.
(2) Condition A is that the commencement of the term of the lease is before 1st April 2009.
(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.
(4) Condition C is that construction of the asset proceeded continuously on and after 1st April 2006.
(5) Condition D is that construction of the asset proceeded at the normal pace for an asset of its type.
For 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.
(6) This paragraph is supplemented by paragraph 19.

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-8/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.