The legislation applies where the qualifying expenditure is the
price paid on the sale of the relevant interest in a building and
arrangements having an artificial effect on pricing were entered
into at or before the time when the sale price is fixed.
The qualifying expenditure is reduced to what it would have
been if the arrangements had not existed. Do that by making a just
apportionment of the purchase price.
The arrangements caught are those made between two or more
persons that enhance the value of the relevant interest.
If you want to apply the legislation you must submit the file
to CT&VAT (Technical) once the basic facts have been
established, but before any challenge is made. You will need to
have obtained copies of all relevant documentation and contracts
before you make your submission.
