Amendment of Schedule 10 to the Value Added Tax Act 1994

5.  After paragraph 15(3) (meaning of “exempt land”: basic definition) insert—

“(3A) A person (“P”) who—

(a) is within paragraph (c) or (d) of sub-paragraph (3) but not within paragraph (a) or (b) of that sub-paragraph, and

(b) is in occupation of the land at any time before the end of the relevant adjustment period as respects that land,

is treated for the purposes of sub-paragraph (2) as not in occupation of the land at that time if the building occupation conditions are met at that time.”.