F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES

CHAPTER 4THE RELEVANT INTEREST IN THE BUILDING OR STRUCTURE

270DBInterest acquired on completion of construction

For the purposes of determining the relevant interest, a person who—

(a)

incurs expenditure on the construction of a building or structure, and

(b)

is entitled to an interest in the building or structure on or as a result of the completion of the construction,

is treated as having had that interest when the expenditure was incurred.