SCHEDULE 11Reconstruction relief and acquisition relief
PART 4Withdrawal of relief
Amount of tax chargeable where relief withdrawn
29
Where relief is withdrawn, the amount of tax chargeable is determined in accordance with paragraph 30.
30
The amount chargeable is the tax that would have been chargeable in respect of the relevant transaction but for the relief if the chargeable consideration for that transaction had been an amount equal to—
(a)
the market value of the subject-matter of the transaction,
(b)
if the acquisition was the grant of a lease, the rent.