F1Part 3ABusiness Premises Renovation Allowances

Chapter 4THE RELEVANT INTEREST IN THE QUALIFYING BUILDING

360FInterest acquired on completion of conversion

For the purposes of determining the relevant interest in a qualifying building, a person who—

(a)

incurs expenditure on the conversion of a qualifying building into qualifying business premises, and

(b)

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

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