Introduction Details of the Sections Section 111 – Different Interests held in the same dwelling – effect of reliefs etc
93.Subsection (1) also prevents the application of section 110 to public bodies and bodies established for national purposes.
94.Subsection (2) similarly prevents the application of section 110 to aggregate interests held by charitable companies, providers of social housing or where property is conditionally exempt from inheritance tax.
95.Subsections (3) and (4) apply to freehold and leasehold interests aggregated under section 110, or section 109 together with section 110. They provide that for the purpose of providing relief from the annual tax on enveloped dwellings, the aggregate interest is treated as being exploited in the way that the inferior interest actually is.
96.Subsection (5) restricts this if the inferior interest is of only part of the superior interest, so that the deeming of subsection (4) applies only to that part.
97.Subsection (6) defines the relevant relieving provisions as sections 132 to 150.
98.Subsections (7) to (9) provide definitions for subsections (3) to (5).