[74 Exercise of collective rights by tenants of flats]
Finance Act 2003 (2003 c 14) | Legislation

[74  Exercise of collective rights by tenants of flats]

[(1)     This section applies where a chargeable transaction is entered into by a person or persons nominated or appointed by qualifying tenants of flats contained in premises in exercise of—

(a)     a right under Part 1 of the Landlord and Tenant Act 1987 (right of first refusal), or

(b)     a right under Chapter 1 of Part 1 of the Leasehold Reform, Housing and Urban Development Act 1993 (right to collective enfranchisement).]

[(1A)     The [amount] of tax is determined

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