135 ATED: properties occupied by certain employees etc
Finance Act 2016 (2016 c 24) | Legislation

135  ATED: properties occupied by certain employees etc

(1)     Part 3 of FA 2013 (annual tax on enveloped dwellings) is amended as follows.

(2)     Section 145 (occupation by certain employees or partners) is amended in accordance with subsections (3) to (5).

(3)     In subsection (1)—

(a)     in paragraph (b), after “qualifying trade” insert “or qualifying property rental business”;

(b)     in paragraph (d) for “trade” substitute “qualifying trade or qualifying property rental business”.

(4)     After subsection (4) insert—

“(5)     For the meaning of “qualifying property rental business” see section 133(3).”

(5)     The heading of that section becomes “Occupation by employees or partners of a qualifying trade or property rental business”.

(6)     In section 146 (meaning of “qualifying employee” and “qualifying partner” in section 145)—

(a)     in subsection (1), after “trade”

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Public inquiry procedure

Public inquiry procedureThe procedure by which a public inquiry is conducted will vary significantly from one inquiry to the next. Even for inquiries established under the Inquiries Act 2005 (IA 2005), the associated inquiry rules are not particularly prescriptive as to how they ought to be

LEXISNEXIS

Sentencing for rape

Sentencing for rapeThe Sentencing Council (SC) produces guidance on sentencing for courts in England and Wales in the form of offence specific sentencing guidelines for use in the magistrates’ court and the Crown Court. This Practice Note considers the approach to sentencing for the offences of rape

LEXISNEXIS

Escrow accounts and escrow agreements

Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions

LEXISNEXIS

Traditional procurement of construction contracts

Traditional procurement of construction contractsThis Practice Note provides a basic explanation of traditional procurement in construction. It looks at why this type of procurement is used and also considers particular issues to take into account when choosing to follow this procurement route.When