A compulsory purchase facilitating development is relieved from tax.

In this paragraph—

• “"compulsory purchase facilitating development”” (“"pryniant gorfodol sy'n hwyluso datblygiad”") means a land transaction under which the buyer acquires a chargeable interest pursuant to a compulsory purchase order made by the buyer for the purpose of facilitating development by another person;

• “"development”” (“"datblygiad”") has the meaning given by the Town and Country Planning Act 1990 (c. 8) (see section 55 of that Act).

For the purposes of sub-paragraph (2), it does not matter how the acquisition is effected (so that the provision applies where the acquisition is effected by agreement).