In section 96(1) of the Value Added Tax Act 1994, in paragraph (b) of the definition of "major interest" (land in Scotland not held on feudal tenure: lessee's interest must be for a period exceeding 21 years), for "exceeding 21 years" there shall be substituted ." of not less than 20 years "
Section 24: Long leases in Scotland.
Finance Act 1998 · 1998 c. 36View on legislation.gov.uk
Part II: Value Added Tax
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