SCHEDULES

SCHEDULE 4

Part II Dwelling-Houses to Which Section 50 Does Not Apply

Interpretation of certain expressions: Scotland

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In the application of the above provisions of this Part to Scotland, references to acquiring an interest shall be construed, if there is a contract to acquire the interest, as references to entering into that contract and for the purposes of paragraph 16(2)(b) above, a company or subsidiary shall be regarded as owning an interest during the period between its entering into such a contract as regards that interest and its acquiring the interest.