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Legislation
Capital Allowances Act 2001

Chapter 4 THE RELEVANT INTEREST IN THE QUALIFYING BUILDING

  • Section 360E General rule as to what is the relevant interest
  • Section 360F Interest acquired on completion of conversion
  1. Chapter 4 · THE RELEVANT INTEREST IN THE QUALIFYING BUILDING
  2. Interest acquired on completion of conversion

Section 360F | Interest acquired on completion of conversion

From legislation.gov.uk

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, andF1

(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.

Notes

  1. F1

    Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2

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