
1 
This Order may be cited as the Value Added Tax (Land) Order 1995 and shall come into force on 1 March 1995.
2 
Group 1 (Land) of Schedule 9 to the Value Added Tax Act 1994 shall be amended in accordance with articles 3 to 7 of this Order.
3 
For Note (1) there shall be substituted—“
(1) “Grant” includes an assignment or surrender and the supply made by the person to whom an interest is surrendered when there is a reverse surrender.”
4 
After Note (1) there shall be inserted—“
(1A) A “reverse surrender” is one in which the person to whom the interest is surrendered is paid by the person by whom the interest is being surrendered to accept the surrender.”
5 
In Note (3) for the words “Notes (2) to (6)” there shall be substituted “Notes (2) to (10) and (12)”.
6 
In Note (7) after the words “paragraph 6(1) of Schedule 10” there shall be inserted “(except where that paragraph applies by virtue of paragraph 5(1)(b) of that Schedule)”.
7 
In Note (11)(a) for the words “Note (7)” there shall be substituted “Note (13)”.
Tim Wood
Derek Conway
Two of the Lords Commissioners of Her Majesty’s Treasury
8th February 1995