Section 360F | Interest acquired on completion of conversion

For the purposes of determining the relevant interest in a qualifying building, a person who—^F1

(a)incurs expenditure on the conversion of a qualifying building into qualifying business premises, and^F1

(b)is entitled to an interest in the qualifying building on or as a result of the completion of the conversion,^F1

is treated as having had that interest when the expenditure was incurred.