Finance (No. 2) Act 2015

3 (1) Section 66 (rate of ten-yearly charge) is amended as follows. U.K.

(2) In subsection (4)—

(a) omit paragraph (b) and the “and” following it,

(b) in paragraph (c), before “property” insert “ relevant ”, and

(c) at the end of paragraph (c) insert—

“(d) the value of any same-day addition; and

(e) where—

(i) an increase in the value of the property comprised in another settlement is represented by the value of a same-day addition aggregated under paragraph (d) above, and

(ii) that other settlement is not a related settlement,

the value immediately after that other settlement commenced of the relevant property then comprised in that other settlement;”.

(3) In subsection (6)(a), for “paragraphs (b) and (c)” substitute “ paragraphs (c) to (e) ”.