C2

C1F1Part 4A FLAT CONVERSION ALLOWANCES

Annotations:
Amendments (Textual)
F1

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

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.