Version Superseded: 16/07/1992
Point in time view as at 01/02/1991. This version of this provision has been superseded.
There are currently no known outstanding effects for the Finance Act 1988, Paragraph 15.
15(1)Section 50 of this Act does not apply to a dwelling-house if—
(a)before the relevant date, the company or any of its subsidiaries had entered into arrangements for letting the whole or any part of the dwelling-house;
(b)at that date, the whole or any part of the dwelling-house was let; or
(c)after that date, the whole or any part of the dwelling-house has been let otherwise than on a qualifying tenancy.
(2)In this paragraph—
“let” includes let under a licence and “letting” shall be construed accordingly;
“the relevant date” means the date when the company or any of its subsidiaries first acquired an interest in the dwelling-house (or the land which comprises the dwelling-house).
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