Capital Allowances Act 2001 Explanatory Notes

Capital Allowances Act 2001

2001 CHAPTER 2

Commentary on Sections

Glossary

Part 3: Industrial buildings allowances
Chapter 1: Introduction
Section 272: Expenditure on the construction of a building

953.This section is based on sections 21(1) and 12 of CAA 1990. It provides that construction expenditure:

  • excludes any expenditure on land or rights to land; and

  • includes expenditure on repairs to a part of the building if not relieved as a revenue deduction.

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