Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
Capital allowances
121 Used buildings etc. in enterprise zones.
1
Where—
a
the relevant interest in a building or structure is sold on a date falling after the expiry of the period of two years beginning with the date on which the building or structure was first used, and
b
that period ends, and the date on which the relevant interest is sold falls, within the period beginning with 13th January 1994 and ending with 31st August 1994,
paragraphs (c) and (d) of section 10B(1) of the M1Capital Allowances Act 1990 (purchaser of building etc. in enterprise zone within two years of first use eligible for allowances) shall have effect as if the period there referred to were the period beginning with the date on which the building or structure was first used and ending with 31st August 1994.
2
Expressions used in this section and in Part I of the Capital Allowances Act 1990 have the same meaning as in that Part.