C2

C1C3C4C5C6C7Part 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)

C7

Pt. 3 restricted (19.7.2007) by Finance Act 2007 (c. 11), s. 36(1)-(3), (7)

Chapter 4 Qualifying expenditure

Introduction

292 Meaning of “qualifying expenditure”

In this Part “qualifying expenditure” means expenditure which is qualifying expenditure under—

section 294

capital expenditure on construction of a building

section 295

purchase of unused building where developer not involved

section 296

purchase of building which has been sold unused by developer

section 301

qualifying expenditure on sale within 2 years of first use where all of expenditure is qualifying enterprise zone expenditure

section 303

qualifying expenditure on sale within 2 years of first use where part of expenditure is qualifying enterprise zone expenditure.