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This article discusses the relief from ATED which is available to property developers holding an SDI for development and sale. For the effect of ATED reliefs, see B6.745.

A day in a chargeable period is eligible for relief if on that day¹:

1. Ìý

   •ÌýÌýÌýÌý a person carrying on a property development trade ('the property developer') is entitled to the interest

2. Ìý

   •ÌýÌýÌýÌý the interest is held exclusively for the purpose of developing and reselling the land in the course of the trade, and

3. Ìý

   •ÌýÌýÌýÌý a non-qualifying individual (defined as for the rules described in B6.746) is not permitted to occupy the dwelling². Occupation of any part of a dwelling is regarded as occupation of the dwelling³. See below for the look forward and look back effect of non-qualifying occupation

The property developer must ultimately intend to sell the property and not let it out. However, if the property developer intends to let the property out as part of a qualifying rental business before selling it on then