Overview of the option to tax

Related Commentary  Related HMRC Manuals

1(1)  This Part of the Schedule makes provision for a person to opt to tax any land.

1(2)  The effect of the option to tax is dealt with in paragraph 2 (exempt supplies become taxable), as read with paragraph 3.

1(3)  Grants are excluded from the effect of paragraph 2 by–

(a)paragraph 5 (dwellings designed or adapted, and intended for use, as dwelling etc),

(b)paragraph 6 (conversion of buildings for use as dwelling etc),

(c)paragraph 7 (charities),

(d)paragraph 8 (residential caravans),

(e)paragraph 9 (residential houseboats),

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