F1Part 3 Industrial buildings allowances

Chapter 7 Balancing adjustments

Qualifying enterprise zone expenditure: effect of realising capital value

327 Capital value provisions: application of provisions

Sections 328 to 331 apply only if expenditure on the construction of a building has been incurred—

(a)

at a time—

(i)

when the site of the building was wholly or mainly in an enterprise zone, and

(ii)

which was not more than 10 years after the site was first included in the zone, or

(b)

under a contract entered into at such a time.