Part 3

Industrial buildings allowances
Chapter 7

Balancing adjustments

Meaning of “the relevant period of ownership” etc.

The relevant period of ownership
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The relevant period of ownership is the period beginning—
a
with the day on which the building was first used for any purpose, or
b
if the relevant interest has been sold after that day, with the day following that on which the sale (or the last such sale) occurred,
and ending with the day on which the balancing event occurs.