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22In the [1970 c. 9.] Taxes Management Act 1970 the following section shall be inserted after section 47 A—
If and so far as the question in dispute on any appeal against the refusal of relief under Schedule 5 to the [1983 c. 28.] Finance Act 1983 (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 paragraph 5A(5) of that Schedule), 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”.
23—The Table in section 98 of the Act of 1970 (penalties) shall be amended as follows—
(a)at the appropriate place in the first column there shall be inserted—
“Paragraph 15A(2) of Schedule 5 to the Finance Act 1983”; and |
(b)at the appropriate place in the second column there shall be inserted—
“Paragraph 15A(1) of Schedule 5 to the Finance Act 1983”. |
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