Part 10 Assured tenancy allowances

Chapter 2 The relevant interest

The relevant interest in the building

496 Interest acquired on completion of construction

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.