Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Capital Allowances Act 2001

CHAPTER 2A special tax site qualifying expenditure

  • Section 270BNA Meaning of “special tax site qualifying expenditure”
  • Section 270BNB Apportionment
  • Section 270BNC Power to amend meaning of “special tax site qualifying expenditure” etc
  1. Chapter 2A
  2. Apportionment

Section 270BNB | Apportionment F1F2

From legislation.gov.uk

(1)Subsection (2) applies if, on the later of—F1F2F3

(a)the day on which the building or structure is first brought into non-residential use, andF1F2

(b)the day on which the qualifying expenditure is incurred,F1F2

a building or structure is situated only partly in an area that is a special tax site.

(2)Only so much of the qualifying expenditure as, on a just and reasonable apportionment, is attributable to the part situated in the special tax site is to be treated as special tax site qualifying expenditure.F1F2F3F4

(3)Subsection (4) applies if a building or structure is first brought into qualifying use by the person entitled to the allowance under this Part partly on or before the applicable sunset date in relation to the special tax site concerned and partly after that date.F1F2F5

(4)Only so much of the qualifying expenditure as, on a just and reasonable apportionment, is attributable to the part first brought into qualifying use by that person on or before that date is to be treated as special tax site qualifying expenditure.F1F2F4

Notes

  1. F1

    Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2

  2. F2

    Pt. 2A Ch. 2A inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 22 para. 10

  3. F3

    Words in Pt. 2A Ch. 2A substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 14(b)

  4. F4

    Words in Pt. 2A Ch. 2A substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 13(b)

  5. F5

    Words in s. 270BNB(3) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), s. 332(3)(b)(4)

PreviousNext
PrivacyTerms