The Value Added Tax (Land) Order 1995

• Citation: S.I. 1995/282
• Sections: 7

Section 1

This Order may be cited as the Value Added Tax (Land) Order 1995 and shall come into force on 1 March 1995.

Section 2

Group 1 (Land) of Schedule 9 to the Value Added Tax Act 1994 shall be amended in accordance with articles 3 to 7 of this Order.

Section 3

For Note (1) there shall be substituted—

(1) “Grant” includes an assignment or surrender and the supply made by the person to whom an interest is surrendered when there is a reverse surrender.

Section 4

After Note (1) there shall be inserted—

(1A) A “reverse surrender” is one in which the person to whom the interest is surrendered is paid by the person by whom the interest is being surrendered to accept the surrender.

Section 5

In Note (3) for the words “Notes (2) to (6)” there shall be substituted “Notes (2) to (10) and (12)”.

Section 6

In Note (7) after the words “paragraph 6(1) of Schedule 10” there shall be inserted “(except where that paragraph applies by virtue of paragraph 5(1)(b) of that Schedule)”.

Section 7

In Note (11)(a) for the words “Note (7)” there shall be substituted “Note (13)”.