(C) stAtE thE rElEvAnt ContrACt tAx (rCt) oBligAtions on riChArD in rElAtion to this DEvElopmEnt. (2 mArks)notE: in rElAtion to All thrEE pArts oF this quEstion you shoulD AssumE thAt CurrEnt lAw will ContinuE to Apply.