Capital Allowances Act 2001

287 Interest acquired on completion of constructionU.K.

This section has no associated Explanatory Notes

For the purposes of determining the relevant interest, a person who—

(a)incurs expenditure on the construction of a building, and

(b)is entitled to an interest in the building on or as a result of the completion of the construction,

is treated as having had that interest when the expenditure was incurred.