Paragraph 15 Value Added Tax (Special Provisions) Order 1995 (S.I. 1995/1268)

in paragraph (2)(a)^f1, for “election which the transferor has made” substitute “option which the transferor has exercised”,

in sub-paragraph (2A)(a)^f2, for “made an election” substitute “exercised an option” and for “election required by paragraph 3(6) of Schedule 10” substitute “option required by paragraph 20 of Schedule 10”,

in sub-paragraph (2B)(b)^f3, for “paragraph 2(3AA) of Schedule 10” substitute “paragraph 12 of Schedule 10”,

in paragraph (3), omit the definition of “election” and insert—

• ““option” means an option to tax any land having effect under Part 1 of Schedule 10 to the Act;”, and

in that paragraph, in the definitions of “transferor” and “transferee”, for “paragraph 3(7) of Schedule 10” substitute “paragraph 3 of Schedule 10”.