# Finance Act 2024, Paragraph 8: Single property rule

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

In section 529 (conditions as to property rental business)—
(a) in subsection (2A)—
(i) after “is” insert “, or was at any time from the relevant time,”,
(ii) for “exceeds” substitute “in excess of”, and
(iii) omit “at the relevant time”, and
(b) in subsection (2B)—
(i) in the words before paragraph (a), after “means” insert “the later of”
(ii) for paragraphs (a) and (b) substitute—
“(a) entry, and
(b) when the property was acquired.”

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/7/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-7/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.