[F1360Z2Apportionment of sums partly referable to non-qualifying assetsU.K.
(1)If the sum paid for the sale of the relevant interest in a qualifying building is attributable—
(a)partly to assets representing expenditure for which an allowance can be made under this Part, and
(b)partly to assets representing other expenditure,
only so much of the sum as on a just and reasonable apportionment is attributable to the assets referred to in paragraph (a) is to be taken into account for the purposes of this Part.
(2)Subsection (1) applies to other proceeds from a balancing event in respect of a qualifying building as it applies to a sum given for the sale of the relevant interest in the qualifying building.
(3)Subsection (1) does not affect any other provision of this Act requiring an apportionment of the proceeds of a balancing event.]
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