C2

C1C3Part 3 Industrial buildings allowances

Annotations:
Modifications etc. (not altering text)
C1

Pt. 3 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 18 (with Sch. 10 para. 21); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)

Chapter 2 Industrial buildings

Buildings in use for the purposes of a qualifying trade

277 Exclusion of dwelling-houses, retail shops, showrooms, hotels and offices etc.

1

A building is not in use for the purposes of a qualifying trade if it is in use as, or as part of, or for any purpose ancillary to the purposes of—

a

a dwelling-house;

b

a retail shop, or premises of a similar character where a retail trade or business (including repair work) is carried on;

c

a showroom;

d

a hotel;

e

an office.

2

Subsection (3) is about buildings constructed for occupation by, or for the welfare of persons employed—

a

on, or in connection with, working land outside the United Kingdom which is used as described in item 5 of Table A in section 274 (foreign plantations), or

b

at, or in connection with, working a source of mineral deposits as defined in item 7 of Table A (mineral extraction).

3

Subsection (1) does not apply to a building which this subsection is about if the building—

a

is likely to be of little or no value to the person carrying on the trade when the land or source is no longer worked, or

b

will cease to be owned by that person on the ending of a foreign concession under which the land or source is worked.

4

Foreign concession” means a right or privilege granted by the government of, or any municipality or other authority in, a territory outside the United Kingdom.

5

Subsection (1) is subject to section 283 (non-industrial part of building disregarded).