'1. This Brief is for house builders who have built or are building new dwellings with the intention when they are completed of selling either the freehold interest or a long lease of over 21 years (at least 20 years in Scotland) in each of the properties.
'2. Several such house builders have sought guidance on whether HM Revenue & Customs (HMRC) considers certain transactions involving the supply of new dwellings to be abusive. This brief identifies those situations that HMRC considers not to be abusive.
'3. The first...
