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Status:
Point in time view as at 17/07/2012.
Changes to legislation:
Capital Allowances Act 2001, Section 286 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

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[286 General rule as to what is the relevant interestU.K.
This section has no associated Explanatory Notes
(1)The relevant interest in relation to any qualifying expenditure is the interest in the building to which the person who incurred the expenditure on the construction of the building was entitled when the expenditure was incurred.
(2)Subsection (1) is subject to the following provisions of this Chapter and to sections 342 (highway undertakings) and 359 (provisions applying on termination of lease).
(3)If—
(a)the person who incurred the expenditure on the construction of the building was entitled to more than one interest in the building when the expenditure was incurred, and
(b)one of those interests was reversionary on all the others,
the reversionary interest is the relevant interest.]
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