Finance Act, 2000
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Amendment of section 110A (clearance on sale of certain residential property) of Finance Act, 1983. |
135.—(1) Section 110A (inserted by the Finance Act, 1993 ) of the Finance Act, 1983 , is amended by the insertion of the following subsection after subsection (11): | |
“(12) Subsection (2) of this section shall not apply to the sale of an estate or interest in residential property which has been previously acquired after 5 April 1996 by a bona fide purchaser for full consideration in money or money’s worth.”. | ||
(2) This section shall apply and have effect in relation to the sale of an estate or interest in residential property (within the meaning of Part VI of the Finance Act, 1983 ) completed after 10 February 2000. |