Paragraph 11 Grant to individual for construction of dwellingF1
An option to tax has no effect in relation to any grant made to an individual if—
(a)
the land is to be used for the construction of a building intended for use by the individual as a dwelling, and
(b)
the construction is not carried out in the course or furtherance of a business carried on by the individual.
Annotations
Textual amendments
- F1
Sch. 10 substituted (with effect in accordance with art. 1(2) of the amending S.I.) by The Value Added Tax (Buildings and Land) Order 2008 (S.I. 2008/1146), arts. 1(1), 2 (with Sch. 2)