PART 2A

STRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 2

QUALIFYING EXPENDITURE

Meaning of “qualifying expenditure”

Meaning of “qualifying expenditure”
270BA
In this Part “qualifying expenditure” means expenditure which—
a
is qualifying capital expenditure under any of sections 270BB to 270BE (expenditure on construction or purchase), and
b
is not excluded expenditure under—
i
section 270BG (acquisition or alteration of land),
ii
section 270BH (market value rule), or
iii
section 270BI (provision of plant or machinery).
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
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2