SCHEDULES

F2SCHEDULE 3 PROVISIONS SUPPLEMENTARY TO SECTION 38

Annotations:
Amendments (Textual)
F2

Sch. 3Repealed byFinance Act 1985 (c. 54, SIF 63:1), s. 98(6)and Sch.27 Part Xin relation to disposals of interests in land taking place on or after 19MarchFinance Act 1985 (c. 54, SIF 63:1),but without affecting the construction of 1979 (C) Sch.5 para. 9(5).

PART I DEFINITIONS OF CURRENT USE VALUE, MATERIAL DEVELOPMENT, ETC.

Date when material development is begun

9

1

For the purposes of this Schedule material development shall be taken to be begun on the earliest date on which any specified operation comprised in the material development is begun.

2

In this paragraph “specified operation”means any of the following, that is to say—

a

any work of construction in the course of the erection of a building;

b

the digging of a trench which is to contain the foundations, or part of the foundations, of a building;

c

the laying of any underground main or pipe to the foundations, or part of the foundations, of a building or to any such trench as is mentioned in (b) above;

d

any operation in the course of laying out or constructing a road or part of a road;

e

any change in the use of any landF1.