Commentary

V4.113C Supplies in relation to land excluded from exemption—developmental grants

Part V4 Exemption, zero-rating and reduced rates

V4.113C Supplies in relation to land excluded from exemption—developmental grants

V4.113C Supplies in relation to land excluded from exemption—developmental grants

A supply is excluded from exemption if it is made pursuant to a developmental tenancy, developmental lease or developmental licence1. A tenancy, lease or licence is treated as becoming a developmental tenancy, developmental lease or developmental licence if2:

  1.  

    (1)     it is a tenancy of, lease of, or licence to occupy a building or civil engineering work

  2.  

    (2)     construction, reconstruction, enlargement or extension of the building or work commenced on or after 1 January 1992, and

the tenancy, lease or licence is treated as being supplied to and by the developer under

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