Paragraph 2 F1
United Kingdom
Subject to sub-paragraph (2) below, a person who has become liable to be registered under this Schedule shall cease to be so liable if at any time—
his relevant acquisitions in the year ending with 31st December last before that time did not have a value exceeding F2£45,000; and
the Commissioners are satisfied that the value of his relevant acquisitions in the year immediately following that year will not exceed £45,000.
A person shall not cease to be liable to be registered under this Schedule at any time if there are reasonable grounds for believing that the value of that person’s relevant acquisitions in the period of thirty days then beginning will exceed £45,000.
Annotations
Textual amendments
- F1
Sch. 1B inserted (1.1.1993) by Finance (No. 2) Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 59; S.I. 1992/3261, art. 3, Sch. (with art. 4)
- F2
Words in Sch. 1B para. 2(1)(a)(b)(2) substituted (1.1.1994) by S.I. 1993/2953, art.3
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.9.1994) by 1994 c. 23, ss. 100(2), 101(2), Sch. 15 (with Sch. 13 paras. 2, 6, 9)
Notes on Schedule 1B
Textual amendments
- F1
Sch. 1B inserted (1.12.1992) by Finance (No. 2) Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para.59; S.I. 1992/2979, art. 4, Sch. Pt.II (with art. 5); S.I. 1992/3261, art. 3,Sch. (with art. 4)
Notes on Liability to be registered
Textual amendments
- F1
Sch. 1B inserted (1.1.1993) by Finance (No. 2) Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para.59; S.I. 1992/3261, art. 3,Sch. (with art. 4)