540 Agricultural buildingsU.K.
(1)This section is about contribution allowances under Part 4 and applies if—
(a)the general conditions for contribution allowances are met, and
(b)C’s contribution is made for the purposes of a trade or relevant activity carried on, or to be carried on—
(i)by C, or
(ii)by a tenant of land in which C has a interest.
(2)C is to be treated for the purposes of allowances under Part 4 as if—
(a)the contribution were expenditure incurred by C on the provision, for the purposes of the trade or relevant activity, of an asset similar to that provided by means of C’s contribution, and
(b)the asset were at all material times in use for the purposes of the trade or relevant activity.
(3)Subsection (4) applies if—
(a)C’s contribution was made for the purposes of a trade or relevant activity carried on, or to be carried on, by a tenant of land in which C had an interest, and
(b)C was entitled to allowances as a result of subsection (2).
(4)A person is entitled to a writing-down allowance for a chargeable period if at the end of the period the person is entitled to the interest held by C when the contribution was made.
(5)For the purposes of subsection (4), the provisions of Part 4 relating to the relevant interest apply (with any necessary modifications) in relation to the contribution made for the purposes of the trade or relevant activity carried on, or to be carried on, by the tenant as they apply in relation to expenditure incurred on the construction of an agricultural building.