C1F1Part 4A FLAT CONVERSION ALLOWANCES
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 4A modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 22 (with Sch. 10 para. 25); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
Chapter 4 THE RELEVANT INTEREST IN THE FLAT
393G Interest acquired on completion of conversion
For the purposes of determining the relevant interest in a flat, a person who—
a
incurs expenditure on the conversion of part of a building into the flat, and
b
is entitled to an interest in the flat on or as a result of the completion of the conversion,
is treated as having had that interest when the expenditure was incurred.
Pt. 4A (ss. 393A-393W) inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 1