Related Commentary  Related HMRC Manuals

99(1)  For the purposes of sections 101 and 102 a payment or other benefit is a reverse premium–

(a)if conditions A to C are met, and

(b)it is not excluded by section 100.

99(2)  Condition A is that a person (“the recipient”) receives the payment or other benefit by way of inducement in connection with a transaction being entered into by–

(a)the recipient, or

(b)a person connected with the recipient.

99(3)  Condition B is that the transaction (the “property transaction”) is one under which–

(a)the recipient, or

(b)the person connected with the recipient,

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