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Changes over time for: Section 526
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 12/02/2019.
Changes to legislation:
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 526.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
526 Writing off expenditure for periods when building not used as qualifying dwelling-houseU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies if for any period or periods between—
(a)the time when the whole or a part of the building was first used for any purpose, and
(b)the time when the residue of qualifying expenditure attributable to a dwelling-house falls to be ascertained,
the building or part has not been a qualifying dwelling-house.
(2)An amount equal to the notional writing-down allowances for the period or periods is written off at the time when the residue falls to be ascertained.
(3)The notional writing-down allowances are the allowances that would have been made for the period or periods in question (if the building or part had remained a qualifying dwelling-house), at such rate or rates as would have been appropriate, having regard to any relevant sale.
(4)In subsection (3) “relevant sale” means a sale of the relevant interest as a result of which a balancing adjustment falls to be made under section 513.
Yn ôl i’r brig