Part 10 Assured tenancy allowances
Chapter 3 Qualifying expenditure
501 Capital expenditure on construction
If—
a
capital expenditure has been incurred on the construction of a building which was to be or include a qualifying dwelling-house, and
b
the relevant interest in the building has not been sold or, if it has been sold, it has been sold only after the first use of the building,
the capital expenditure is qualifying expenditure.