F1Part 3ABusiness Premises Renovation Allowances
Annotations:
Amendments (Textual)
Chapter 4THE RELEVANT INTEREST IN THE QUALIFYING BUILDING
360FInterest acquired on completion of conversion
For the purposes of determining the relevant interest in a qualifying building, a person who—
a
incurs expenditure on the conversion of a qualifying building into qualifying business premises, and
b
is entitled to an interest in the qualifying building on or as a result of the completion of the conversion,
is treated as having had that interest when the expenditure was incurred.
Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2