Capital Allowances Act 2001

[F1 270BK Preparation of sites U.K.

(1) This section applies if a person incurs capital expenditure, other than expenditure on altering land (within the meaning of section 270BG(4)), for the purposes of preparing land as a site for the construction of a building or structure.

(2) This Part has effect in relation to the expenditure as if it were capital expenditure on the construction of the building or structure.

(3) For that purpose, sections 270AA(1)(a)[F2 , 270AB and 270BNA(2) and (7)] have effect as if the preparation of the land mentioned in subsection (1) were the construction of the building or structure.]

Textual Amendments

F1 Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2

F2 Words in s. 270BK(3) substituted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 22 para. 9