Eligibility: residential property developersE+W
7.—(1) The criteria in this regulation are satisfied if—
(a)P’s principal business is residential property development, within the meaning in regulation 10;
(b)P has been responsible for the development or refurbishment of one or more relevant buildings in the relevant period; and
(c)P satisfies the condition in regulation 11.
(2) For the purposes of determining whether the condition in paragraph (1)(b) is met, P is to be treated as being responsible for the development or refurbishment of a building, if that building is a relevant building which a body corporate in the same group as P (“GP”) was responsible for developing or refurbishing in the relevant period, whether or not the building was developed or refurbished before GP was in the same group as P.
Commencement Information
I1Reg. 7 in force at 4.7.2023, see reg. 1(1)