Part 10 Assured tenancy allowances
Chapter 8 Supplementary provisions
530 Apportionment of sums partly referable to non-qualifying assets
1
If the sum paid for the sale of the relevant interest in a building is attributable—
a
partly to assets representing expenditure for which an allowance can be made under this Part, and
b
partly to assets representing other expenditure,
only so much of the sum paid as on a just and reasonable apportionment is attributable to the assets referred to in paragraph (a) is to be taken into account for the purposes of this Part.
2
Subsection (1) applies to other proceeds from a balancing event in respect of a building as it applies to a sum given for the sale of the relevant interest in the building.
3
Subsection (1) does not affect any other provision of this Part requiring an apportionment of the proceeds of a balancing event.