[F147BSpecial jurisdiction relating to Business Expansion Scheme.U.K.
If and so far as the question in dispute on any appeal against the refusal of relief under [F2Chapter III of Part VII of the principal Act] (relief for investment in corporate trades), or against an assessment withdrawing any such relief, is a question of the value of an interest in land (within the meaning of [F2Section 294(5) of that Act], it shall be determined—
(a)if the land is in England and Wales, on a reference to the Lands Tribunal;
(b)if the land is in Scotland, on a reference to the Lands Tribunal for Scotland; and
(c)if the land is in Northern Ireland, on a reference to the Lands Tribunal for Northern Ireland.]
Textual Amendments
F1S. 47B inserted by Finance Act 1986 (c. 41), s. 40(3), Sch. 9 para. 22 in relation to shares issued at any time after 18 March 1986.
F2Income and Corporation Taxes Act 1988 (c. 1), Sch. 29 para. 32.