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Legislation
Capital Allowances Act 2001

Crossheading Buildings in use for the purposes of a qualifying trade

  • Section 274 Trades and undertakings which are “qualifying trades”
  • Section 275 Building used for welfare of workers
  • Section 276 Parts of trades and undertakings
  • Section 277 Exclusion of dwelling-houses, retail shops, showrooms, hotels and offices etc.
  • Section 278 Building used by more than one licensee
  1. Buildings in use for the purposes of a qualifying trade
  2. Building used by more than one licensee

Section 278 | Building used by more than one licensee

From legislation.gov.uk

A building used by more than one licensee of the same person is not in use for the purposes of a qualifying trade unless each licensee uses it, or the part to which the licence relates, for the purposes of a qualifying trade.F1

Notes

  1. F1

    Pt. 3 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85, 86 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)

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