Part 10 Assured tenancy allowances
Chapter 7 Writing off qualifying expenditure attributable to dwelling-house
528 Treatment of demolition costs
1
This section applies if—
a
a dwelling-house is demolished, and
b
the person to or on whom any balancing allowance or balancing charge is or might be made is the person incurring the cost of the demolition.
2
The net cost of the demolition is added to the residue of qualifying expenditure attributable to the qualifying dwelling-house immediately before the demolition.
3
“The net cost of the demolition” means the amount, if any, by which the cost of the demolition exceeds any money received for the remains of the property.
4
If this section applies, the net cost of the demolition is not treated for the purposes of this Part as expenditure on any other property replacing the property demolished.