Input tax and partial exemption7

In regulation 101—

a

for sub-paragraphs (b)(i) to (v) of paragraph (3) substitute—

i

any supply of a description falling within Group 5 of Schedule 9 to the Act,

ii

any other financial transaction, and

iii

any real estate transaction,

b

after paragraph (5) insert—

6

For the purposes of this regulation, a “real estate transaction” includes any grant, assignment (including any transfer, disposition or sale), surrender or reverse surrender of any interest in, right over or licence to occupy land.