Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 278: Abortive acquisition benefits and expenses
1134.This section brings together in one section the provisions relating to expenses and benefits connected with an abortive acquisition of a new residence. It describes the circumstances that could lead to it being applied and relates back to section 277 to identify the type of benefits or expenses covered. The section derives from paragraphs 10 (expenses) and 19 (benefits) of Schedule 11A to ICTA.