Remittance Basis: Exemptions: Exempt property - public access rule
Property is exempt if it meets the public access rule (ITA07/s809X(3)).
The ‘public access rule’ is based on existing HMRC relief schemes for VAT and import duty (temporary imports and items brought into the UK permanently by museums and galleries).
ITA07/S809Z provides four Conditions A to D that must all be met for the ‘public access rule’ to apply:
- Condition A - property definition
- Condition B - availability for public access at approved establishment
- Condition C - relevant period in UK
- Condition D - VAT relief rule
These Conditions are explained in the following pages of this guidance.