RDRM34090 - 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).
From 6 April 2013 ITA07/S809Z was amended. The original four Conditions A to D were reduced to two, Conditions B and C, that must be met for the ‘public access rule’ to apply.
ITA07/S809Z provides four Conditions A to D that must all be met for the ‘public access rule’ to apply:
- Condition A - property definition - withdrawn from 6 April 2013
- Condition B - availability for public access at approved establishment
- Condition C - relevant period in UK
- Condition D - VAT relief rule - withdrawn from 6 April 2013
Conditions B and C are explained in the following pages of this guidance.