Buildings which are not relevant buildings: leaseholder owned buildingsI12
For the purposes of section 117(3)(c) of the Act the freehold estate in the building or part of the building is leaseholder owned where—
a
the freehold estate is solely owned by tenants in the building, whether through a corporate structure or otherwise; and
b
paragraphs (a), (b) and (d) of section 117(3) of the Act do not apply in relation to the building.