Taxes Management Act 1970 section 47B

Special jurisdiction relating to Business Expansion Scheme

Section 47B establishes which specialist tribunals have jurisdiction to determine land valuation disputes arising from appeals connected with the Business Expansion Scheme.

• Where an appeal against refusal or withdrawal of Business Expansion Scheme relief involves a dispute over the value of an interest in land, the matter must be referred to a specialist land valuation tribunal.
• For land in England and Wales, the dispute is referred to the Upper Tribunal.
• For land in Scotland, the dispute is referred to the Lands Tribunal for Scotland.
• For land in Northern Ireland, the dispute is referred to the Lands Tribunal for Northern Ireland.