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Capital Allowances Act 2001

Section 295: Purchase of unused building where developer not involved

1023.This section is based on parts of sections 10(1) and 10A(1) and (2) and sections 10(2) and 10A(8) of CAA 1990. It deals with a building sold before it is used. No developer is involved. The qualifying expenditure is the lesser of:

  • the price paid; and

  • the construction expenditure.

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