F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 9SUPPLEMENTARY PROVISIONS
Evidence of qualifying expenditure etc
270IAEvidence of qualifying expenditure etc
1
This section applies if a person (the “current owner”) is entitled to an allowance for a chargeable period under section 270AA by reference to a building or structure.
2
For the purposes of determining the amount of the allowance, the amount of the qualifying expenditure is treated as nil unless, before the current owner first makes a claim for an allowance under this Part, the allowance statement requirement is met.
3
The “allowance statement requirement” is met if—
a
in a case where the current owner incurred the qualifying expenditure in relation to the building or structure, the current owner makes an allowance statement;
b
in any other case, the current owner obtains (directly or indirectly) an allowance statement (or a copy of it) from any person who has previously been entitled to a relevant interest in the building or structure.
4
In this section an “allowance statement” means a written statement, identifying the building or structure to which it relates, of—
a
the date of the earliest F2... contract for the construction of the building or structure,
b
the amount of qualifying expenditure incurred on its construction or purchase, and
c
the date on which the building or structure is first brought into non-residential use.
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2