SCHEDULES
F1SCHEDULE 3
Other provisions
11
In Schedule 2 (supplies of goods and services) to the Value Added Tax Act1983—
a
in paragraph 4, for the word “granting” there shall be substitutedthe word “grant”,
b
in paragraph 5(1), for the words “the goods” there shall besubstituted the word “goods”, and
c
there shall be added at the end—
8
1
Subject to sub-paragraphs (2) and (3) below, paragraphs 5 to 7 above haveeffect in relation to land forming part of the assets of, or held or used forthe purposes of, a business as if it were goods forming part of the assets of,or held or used for the purposes of, a business.
2
In the application of those paragraphs by virtue of sub-paragraph (1)above, references to transfer, disposition or sale shall have effect asreferences to the grant or assignment of any interest in, right over orlicence to occupy the land concerned.
3
Except in relation to—
a
the grant or assignment of a major interest; or
b
a grant or assignment otherwise than for a consideration,
in the application of paragraph 5(1) above by virtue of sub-paragraph (1)above the reference to a supply of goods shall have effect as a reference toa supply of services.
Sch. 3 repealed (1.9.1994) by 1994 c. 23, ss. 100(2), 101(1), Sch. 15