Section 114 | Interaction with development land tax and other taxation.

The provisions of this Act have effect subject to—^F1

(a)the Development Land Tax Act 1976, and in particular Schedule 6 to that Act,^F1

(b)the taxation of development gains under Part III of the Finance Act 1974, which is to be terminated in accordance with the provisions of the Development Land Tax Act 1976,^F1

(c)the extension of the taxation of chargeable gains by Chapter II of the said Part III (the first letting charge), subject to termination in accordance with the said Act of 1976.^F1