In determining the chargeable consideration for any land transaction mentioned in ¶41-500 above where the effective date was before 7 April 2004, the market value of the subject-matter of:

(a)the transfer or lease of the transferred land;

(b)the lease or under-lease of the leased-back land; and

(c)any transfer or lease of surplus land,

was nil.

The following were not regarded as rent (before 7 April 2004):

(a)the carrying out of the works, or the provision of the services, mentioned in Sch. 4, para. 17(1)(c);

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