Introduction Overview Chapter 8: Breach of conditions in Chapter 2 Section 567: Meaning of “the notional amount”
1787.This section sets out how to calculate “the notional amount” for the purposes of section 566. It is based on section 116(1) and (3) of FA 2006.
1788.This section enacts regulation 7A(4) to (7) of SI 2006/2864. See Change 43in Annex 1.
1789.In regulation 7A(5) of SI 2006/2864. the aggregate market value of assets involved in the UK property rental business excludes assets attributable to any percentage of the assets held by a non-member of the group. Subsection (4)(c) of the section makes that exclusion, as in section 539(4). See Change 44in Annex 1.