F1 Part 4A FLAT CONVERSION ALLOWANCES

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.