Finance Act 1982

15 (1) In this Schedule—

• " approved body " has the meaning given by section 56(4) of the [1980 c. 51.] Housing Act 1980 ;

• " building", except where the context otherwise requires, includes part of a building ;

• " dwelling-house " except where the context otherwise requires, has the same meaning as in the [1977 c. 42.] Rent Act 1977 ;

• " expenditure appropriate to a dwelling-house" has the meaning given by paragraph 1(4) above ; and

• " qualifying dwelling-house " has the meaning given by paragraph 3 above.

(2) References in this Schedule to expenditure incurred on the construction of a building do not include any expenditure incurred on the acquisition of, or of rights in or over any land.

(3) A person who has incurred expenditure on the construction of a building shall be deemed, for the purposes of any provision of this Schedule referring to his interest therein at the time when the expenditure was incurred, to have had the same interest therein as if the construction thereof had been completed at that time.

(4) Without prejudice to any of the other provisions of this Schedule relating to the apportionment of sale, insurance, salvage or compensation moneys, the sum paid on the sale of the relevant interest in a building or structure, or any other sale, insurance, salvage or compensation moneys payable in respect of any building or structure, shall, for the purposes of this Schedule, be deemed to be reduced by an amount equal to so much thereof, as, on a just apportionment, is attributable to assets representing expenditure other than expenditure in respect of which an allowance can be made under this Schedule.