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Capital Allowances Act 2001

Section 296: Purchase of building which has been sold unused by developer

1024.This section is based on parts of sections 10(1) and (3) and 10A(2) and (9) of CAA 1990. It deals with buildings sold by a developer before being used.

1025.Subsection (2) gives the qualifying expenditure if the sale in question is the first sale.

1026.Subsection (3) gives the qualifying expenditure if there are previous sales.

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