Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Capital Allowances Act 2001

Crossheading Qualifying expenditure

  • Section 294 Capital expenditure on construction of a building
  • Section 295 Purchase of unused building where developer not involved
  • Section 296 Purchase of building which has been sold unused by developer
  • Section 297 Purchase of used building from developer
  1. Qualifying expenditure
  2. Capital expenditure on construction of a building

Section 294 | Capital expenditure on construction of a building

From legislation.gov.uk

If—F1

(a)capital expenditure is incurred on the construction of a building, andF1

(b)the relevant interest in the building has not been sold or, if it has been sold, it has been sold only after the first use of the building,F1

the capital expenditure is qualifying expenditure.

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)

PreviousNext
PrivacyTerms