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Contents

Legislation
Capital Allowances Act 2001

Chapter 3 The relevant interest in the building

  • Section 286 General rule as to what is the relevant interest
  • Section 287 Interest acquired on completion of construction
  • Section 288 Effect of creation of subordinate interest
  • Section 289 Merger of leasehold interest
  • Section 290 Election to treat grant of lease exceeding 50 years as sale
  • Section 291 Supplementary provisions with respect to elections
  1. Chapter 3 · The relevant interest in the building
  2. Effect of creation of subordinate interest

Section 288 | Effect of creation of subordinate interest F1

From legislation.gov.uk

(1)An interest does not cease to be the relevant interest merely because of the creation of a lease or other interest to which that interest is subject.

(2)This is subject to any election under section 290.

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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