PART 2A

STRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 4

THE RELEVANT INTEREST IN THE BUILDING OR STRUCTURE

Interest acquired on completion of construction
270DB
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.
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