CA93700 | Structures and buildings allowance (SBA): qualifying expenditure: qualifying capital expenditure: qualifying capital expenditure on purchase of used building from a developer

CAA01/S270BE

If a developer CA93600 has incurred expenditure on the construction of a building, and sold the relevant interest in that building in the course of their development trade after the building has been used, the qualifying capital expenditure is the expenditure incurred by the developer on construction.

For example, a developer may construct a building, have problems selling it and let it out whilst looking for a buyer. When a buyer is found, the building is used and so the legislation about buying an unused building (CA93410, CA93500) would not apply.