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This is the original version (as it was originally enacted).
145Occupation by certain employees or partners
This section has no associated Explanatory Notes
(1)A day in a chargeable period is a relievable if matters stand as follows on that day—
(a)a person (“P”) is entitled to a single-dwelling interest,
(b)P, or a relevant group member, carries on a qualifying trade,
(c)the interest is held for the purpose of making the dwelling available to one or more qualifying employees or qualifying partners for use as living accommodation, and
(d)the dwelling is, or is to be, made available as mentioned in paragraph (c) for purposes that are solely or mainly purposes of the trade.
(2)“Qualifying trade” means a trade that is carried on on a commercial basis and with a view to profit.
(3)In this section references to making a dwelling available to a qualifying employee or qualifying partner include making it available to persons who are to share the accommodation with such an individual as their family.
(4)Where P is a company, “a relevant group member” means a company which is a member of the same group as P for the purposes mentioned in paragraph 1(2) of Schedule 7 to FA 2003 (stamp duty land tax: group relief).
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