F1Part 3 Industrial buildings allowances

Chapter 3 The relevant interest in the building

287 Interest 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, and

(b)

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

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