142 Property traders: supplementary
Finance Act 2013 (2013 c 29) | Legislation

142  Property traders: supplementary

(1)     Subsection (2) applies if on a day in a chargeable period (“the day of non-qualifying occupation”)—

(a)     a person carrying on a property trading business (“the property trader”) is entitled to a single-dwelling interest that is held as mentioned in section 141(1)(b), and

(b)     a non-qualifying individual is permitted to occupy the dwelling.

(2)     No subsequent day is relievable in the case of the single-dwelling interest by virtue of section 141(1) if—

(a)     the day falls within that chargeable period, or

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

VAT definition

LEXISNEXIS

Acknowledgment of service

Acknowledgment of serviceThis Practice Note explains when an acknowledgment of service is required (CPR 10) and the consequences of a failure to file an acknowledgment of service. It identifies the correct form to use, what information must be included and who must to sign the form. The different

LEXISNEXIS

Interim injunctions—the American Cyanamid guidelines

Interim injunctions—the American Cyanamid guidelinesThis Practice Note is concerned with substantive interim injunctions, which are a particular species of injunction granted on a temporary basis ahead of trial. As set out below, there are different considerations depending on whether the interim