PART 2A

STRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 8

GIVING EFFECT TO ALLOWANCES

Property businesses

... UK property businesses and ... overseas property businesses
270HB
If the qualifying activity of a person who is entitled to an allowance for a chargeable period is—
a
a
UK property business, or
b
an
... overseas property business,
the allowance is to be given effect in calculating the profits of that business by treating the allowance as an expense of that business.
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
Word in s. 270HB heading omitted (for the purposes of corporation tax, in relation to accounting periods beginning on or after 1.4.2025 and, for the purposes of income tax, in relation to periods of account beginning on or after 6.4.2025) by virtue of Finance Act 2025 (c. 8), Sch. 5 paras. 8(17)(a), 12(3) (with Sch. 5 paras. 15, 18, 19)
Word in s. 270HB(a) substituted (for the purposes of corporation tax, in relation to accounting periods beginning on or after 1.4.2025 and, for the purposes of income tax, in relation to periods of account beginning on or after 6.4.2025) by Finance Act 2025 (c. 8), Sch. 5 paras. 8(17)(b), 12(3) (with Sch. 5 paras. 15, 18, 19)
Word in s. 270HB(b) omitted (for the purposes of corporation tax, in relation to accounting periods beginning on or after 1.4.2025 and, for the purposes of income tax, in relation to periods of account beginning on or after 6.4.2025) by virtue of Finance Act 2025 (c. 8), Sch. 5 paras. 8(17)(c), 12(3) (with Sch. 5 paras. 15, 18, 19)