Point in time view as at 06/04/2024.
Capital Allowances Act 2001, Section 364 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The relevant interest in relation to any qualifying expenditure is the freehold or leasehold interest in the related agricultural land to which the person who incurred the expenditure on the construction of the agricultural building was entitled when the expenditure was incurred.
(2)Subsection (1) is subject to the following provisions of this Chapter.
(3)If, when the expenditure was incurred—
(a)the person was entitled to freehold and leasehold interests or to more than one leasehold interest in the related agricultural land, and
(b)one of those interests was reversionary on all the others,
the reversionary interest is the relevant interest.]
Textual Amendments
F1Pt. 4 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)
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