C1PART 3Annual tax on enveloped dwellings
New dwellings, conversions, demolition etc
124New dwellings
1
Where a new dwelling is being or has been constructed (whether or not as part of a larger building) the earlier of the following days is a valuation date in the case of a single-dwelling interest in that dwelling—
a
the completion day;
b
the day on which the dwelling is first occupied.
2
The reference in subsection (1) to the construction of a new dwelling—
a
includes the production of a new dwelling by the alteration (whether structural or otherwise) of an existing building, but
b
does not include a case to which section 125 (dwellings produced from other dwellings) or section 128 (demolition and replacement: new dwellings) applies.
3
The reference in subsection (1) to the “completion day” is to the day on which the new dwelling is treated as having come into existence for the purposes of—
a
Part 1 of the Local Government Finance Act 1992 (council tax: England and Wales) (see section 17 of that Act), or
b
Part 2 of that Act (council tax: Scotland) (see section 83 of that Act), or
c
the Rates (Northern Ireland) Order 1977 (S.I. 1977/2157 (N.I. 28)) (see Article 25B of that Order).
4
In this section “building” includes a part of a building.
Pt. 3 applied (17.7.2014) by Finance Act 2014 (c. 26), s. 223(8)(9)(e)