Land: development value: `material development'
However, TCGA92/SCH2/PARA13 (1) provides that certain changes are to be disregarded in determining whether `material development’ has occurred. The main changes to be ignored are as follows.
- Where the changes result in an increase in the original volume of the building in question by not more than 10%.
- Any change made for agricultural or forestry purposes.
- Where the land or building is used for trade purposes, any change made for the purpose of that trade.
- Where the building is used as a dwelling house, any change for the purpose of such usage.