Commentary

B6.763 ATED—modification of exemptions

Business tax
Business tax | Commentary

B6.763 ATED—modification of exemptions

Business tax | Commentary

B6.763 ATED—modification of exemptions

The Treasury may by regulations amend the ATED legislation to provide further exemptions, from tax (whether by modifying an existing exemption or otherwise)1. They may amend or repeal any of the exemption provisions described in B6.759–B6.762 and make any consequential amendments2.

Further exemption includes provision to additional persons and categories of person or to additional cases or circumstances3.

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