# The Ports Act 1991 (Levy on Disposals of Land, etc.) Order 1992, Article 30: Option lapsing–Recomputation


If an option the grant of which constitutes a disposal to which article 27 applies lapses (without being exercised) or becomes incapable of being exercised, the gain accruing on that disposal shall be recomputed as if paragraph (2) of article 27 had not applied.

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Source: https://www.legislation.gov.uk/uksi/1992/58/article/30 (the official version)
Page: https://openlegislation.uk/ports-act-1991-levy-on-disposals-of-land-etc-order-1992/article-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.