[F1360FInterest acquired on completion of conversionU.K.
This section has no associated Explanatory Notes
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.]
Textual Amendments
F1Pt. 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