- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (06/04/2006)
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Finance Act 2006
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Changes over time for: Paragraph 18
No versions valid at: 06/04/2006
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- 19/07/2006- Amendment
- 06/04/2006
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Yn ddilys o 19/07/2006
18(1)The additional conditions mentioned in paragraph 17(8) are as follows.U.K.
(2)Condition A is that the commencement of the term of the lease is before 1st April 2009.
(3)Condition B is that, at the latest, the commencement of the term of the lease is as soon as is reasonably practicable after construction of the asset is substantially complete.
(4)Condition C is that construction of the asset proceeded continuously on and after 1st April 2006.
(5)Condition D is that construction of the asset proceeded at the normal pace for an asset of its type.
For this purpose, “normal pace” is the pace required to construct the asset in a reasonable time without delays or interruptions and consistent with normal business practice.
(6)This paragraph is supplemented by paragraph 19.
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