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Capital Allowances Act 2001

Section 495: General rule as to what is the relevant interest in the building

1779.This section is based on section 95(1) and (2) of CAA 1990.

1780.In relation to construction expenditure, the relevant interest is the interest in the building that the person incurring that expenditure holds when the expenditure is incurred.

1781.Subsection (2) signposts the fact that later provisions in this Chapter can modify the general rule

1782.Subsection (3) deals with the case in which the person incurring the construction expenditure holds more than one interest in the building.

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