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Capital Allowances Act 2001
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496 Interest acquired on completion of constructionU.K.
This section has no associated Explanatory Notes
For the purpose of determining the relevant interest, a person who—
(a)incurs expenditure on the construction of a building, and
(b)is entitled to an interest in the building on or as a result of the completion of the construction,
is treated as having had that interest when the expenditure was incurred.
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