Search Legislation

Finance Act 2015

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 7

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2015, Paragraph 7. Help about Changes to Legislation

This section has no associated Explanatory Notes

7(1)Section 225A (private residence held by personal representatives) is amended as follows.U.K.

(2)In subsection (5)—

(a)in paragraph (a), for the words from “the occupation” to the end substitute “ the matters dealt with in paragraph (aa), ”;

(b)after paragraph (a) insert—

(aa)in relation to the occupation of the dwelling-house or part of the dwelling-house, residence in a territory, or meeting the day count test, references to the individual are to be taken as references to a qualifying individual,;

(c)after paragraph (b) insert and

(c)the notice which may be given by the personal representatives under section 222A is effective only if it is accompanied by written notification from the individual or individuals entitled to occupy the dwelling-house or part of the dwelling-house agreeing to the terms of the notice.

(3)After subsection (6) insert—

(7)In subsection (5)(aa) “a qualifying individual” means an individual—

(a)who has a relevant entitlement, and

(b)by virtue of whom the first condition is met.

Back to top

Options/Help