Section 374 | First use of building not for purposes of husbandry, etc. ^F1

(1)No writing-down allowance is to be made under section 372 if, when the agricultural building is first used, it is not used for the purposes of husbandry.

(2)Any writing-down allowance which has been made in respect of an agricultural building which has not been used is to be withdrawn if—

(a)when the building is first used, it is not used for the purposes of husbandry, or

(b)the person to whom the allowance was made sells the relevant interest before the building is first used.

(3)All such assessments and adjustments of assessments are to be made as are necessary to give effect to this section.