[Part 3 Withdrawal of Relief]
Finance Act 2003 (2003 c 14) | Legislation

[Part 3 Withdrawal of Relief]

[Withdrawal of relief

8

(1)     This paragraph applies where relief under Part 2 of this Schedule has been allowed in respect of a land transaction.

(2)     The relief is withdrawn if, at any time during the control period, the [qualifying land] is not used exclusively in a qualifying manner.

(3)     But the relief is not withdrawn where, because of a change in circumstances that is unforeseen and beyond the purchaser's control, it is not reasonable to expect the [qualifying land] to be used exclusively in a qualifying manner at that time.

(4)     Where, at a time during the control period,

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