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SCHEDULES

SCHEDULE 26U.K. Capital Transfer Tax: Conditional Exemption

Consequential amendmentsU.K.

8U.K.In section 78 of that Act—

(a)in subsection (1) (b) there shall be added at the end “ or (where the property is an area of land within subsection (1) (d) of that section) the requisite undertakings described in that section are given with respect to the property by such person or persons as the Treasury think appropriate in the circumstances of the case. ”;

(b)in subsection (3) after “sections 32,” there shall be inserted “32A,” and after “section 32” there shall be inserted “or 32A”.