Capital Allowances Act 2001 (c. 2)

Schedules

Schedule 3 Transitionals and savings

Part 5 Industrial buildings allowances

Writing off qualifying expenditure

Writing off qualifying expenditure when building not an industrial building

72 For the purposes of section 336 a building is not treated as having been an industrial building—

(a) under item 5(b) or (c) or 6 of Table A in section 274 (working foreign plantations or fishing) for any tax year before 1953-54, or

(b) under item 7 of Table B in section 274 (tunnel undertakings) for any tax year before 1952-53.

Crown or other person not within the charge to tax entitled to the relevant interest

73 Section 339 does not apply by virtue of subsection (1)(b) if the interest was sold before 29th July 1988.