Conditions for exclusion

The value of works will not be deemed to be chargeable consideration to the extent that all of the following conditions are met. The conditions are that:

(a)the works are carried out after the effective date of the transaction;

(b)the works are carried out on land acquired or to be owned by the purchaser under the transaction (or on any other land held by the purchaser or a person connected with him); and

(c)it is not a condition of the transaction that the works are carried out by the vendor or a person connected with him.

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