28 Thermal insulation of industrial buildingsU.K.
(1)This section applies to expenditure if a person carrying on a qualifying activity consisting of a trade has incurred it in adding insulation against loss of heat to an industrial building occupied by him for the purposes of the trade.
(2)This section also applies to expenditure if a person carrying on a qualifying activity consisting of an ordinary [F1property] business [F2or an overseas property business] has incurred it in adding insulation against loss of heat to an industrial building let by him in the course of the business.
(3)“Industrial building” means a building or structure which is in use for the purposes of a qualifying trade (within the meaning of Chapter 2 of Part 3).
Textual Amendments
F1Word in s. 28(2) substituted (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), , Sch. 1 para. 531 (with Sch. 2)
F2Words in s. 28(2) inserted (with effect as mentioned in s. 69(2) of the amending Act) by Finance Act 2001 (c. 9), s. 69(1), Sch. 21 para. 1