Finance Act 1982

155 Extinguishment of deferred liability of charities for development land tax

(1) In so far as any charity continues, on 9th March 1982, to have a liability for development land tax which is deferred by virtue of section 25 of the [1976 c. 24.] Development Land Tax Act 1976 (development by charities on land acquired after 12th September 1974) that liability is hereby extinguished with effect from that date.

(2) Subsection (1) above shall be construed as one with the [1976 c. 24.] Development Land Tax Act 1976 and the reference in that subsection to section 25 of that Act is a reference to that section as it had effect before it was replaced by section 111 of the [1980 c. 48.] Finance Act 1980.