Modifications etc. (not altering text)
C1 S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
Textual Amendments
F1Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2
(1) In this Part “ qualifying building ”, in relation to any conversion or renovation work, means any building or structure, or part of a building or structure, which—
(a)is situated in an area which, on the date on which the conversion or renovation work began, was a disadvantaged area,
(b)was unused throughout the period of one year ending immediately before that date,
(c)on that date, had last been used—
(i)for the purposes of a trade, profession or vocation, or
(ii)as an office or offices (whether or not for the purposes of a trade, profession or vocation),
(d)on that date, had not last been used as, or as part of, a dwelling, and
(e)in the case of part of a building or structure, on that date had not last been occupied and used in common with any other part of the building or structure other than a part—
(i)as respects which the condition in paragraph (b) is met, or
(ii)which had last been used as a dwelling.
(2) In this section “ disadvantaged area ” means—
(a)an area designated as a disadvantaged area for the purposes of this section by regulations made by the Treasury, F2...
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Regulations under subsection (2)(a) may—
(a)designate specified areas as disadvantaged areas, or
(b)provide for areas of a description specified in the regulations to be designated as disadvantaged areas.
(4)If regulations under subsection (2)(a) so provide, the designation of an area as a disadvantaged area shall have effect for such period as may be specified in or determined in accordance with the regulations.
(5)Regulations under subsection (2)(a) may—
(a)make different provision for different cases, and
(b)contain such incidental, supplementary, consequential or transitional provision as appears to the Treasury to be necessary or expedient.
(6)Where a building or structure (or part of a building or structure) which would otherwise be a qualifying building is on the date mentioned in subsection (1)(a) situated partly in a disadvantaged area and partly outside it, only so much of the expenditure incurred in accordance with section 360B as, on a just and reasonable apportionment, is attributable to the part of the building or structure located in the disadvantaged area is to be treated as qualifying expenditure.
(7)The Treasury may by regulations make further provision as to the circumstances in which a building or structure or part of a building or structure is, or is not, a qualifying building.
Textual Amendments
F2S. 360C(2)(b) and word omitted (with effect in accordance with Sch. 39 para. 10(4) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 8(2)(a) (with Sch. 39 paras. 11-13)