F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 9SUPPLEMENTARY PROVISIONS
Evidence of qualifying expenditure etc
270IAEvidence of qualifying expenditure etc
1
This section applies if a person (the “current owner”) is entitled to an allowance for a chargeable period under section 270AA by reference to a building or structure.
2
For the purposes of determining the amount of the allowance, the amount of the qualifying expenditure is treated as nil unless, before the current owner first makes a claim for an allowance under this Part, the allowance statement requirement is met.
3
The “allowance statement requirement” is met if—
a
in a case where the current owner incurred the qualifying expenditure in relation to the building or structure, the current owner makes an allowance statement;
b
in any other case, the current owner obtains (directly or indirectly) an allowance statement (or a copy of it) from any person who has previously been entitled to a relevant interest in the building or structure.
4
In this section an “allowance statement” means a written statement, identifying the building or structure to which it relates, of—
a
the date of the earliest F2... contract for the construction of the building or structure,
b
the amount of qualifying expenditure incurred on its construction or F4acquisition,
c
the date on which the building or structure is first brought into non-residential use F5, and
d
where qualifying expenditure is incurred on the construction or acquisition of the building or structure after the date mentioned in paragraph (c), the date on which the expenditure is incurred.
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2