Part 3A

Business Premises Renovation Allowances
Chapter 3

QUALIFYING BUILDINGS AND QUALIFYING BUSINESS PREMISES

Meaning of “qualifying business premises”
360D
1
In this Part “
qualifying business premises
” means any premises in respect of which the following requirements are met—
a
the premises must be a qualifying building,
b
the premises must be used, or available and suitable for letting for use,—
i
for the purposes of a trade, profession or vocation, or
ii
as an office or offices (whether or not for the purposes of a trade, profession or vocation),
c
the premises must not be used, or available for use as, or as part of, a dwelling.
2
In this section “
premises
” means any building or structure or part of a building or structure.
3
For the purposes of this Part, if premises are qualifying business premises immediately before a period when they are temporarily unsuitable for use for the purposes mentioned in subsection (1)(b), they are to be treated as being qualifying business premises during that period.
4
The Treasury may by regulations make further provision as to the circumstances in which premises are, or are not, qualifying business premises.
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. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2