Part 4

Agricultural buildings allowances
Chapter 4

Writing-down allowances

First use of building not for purposes of husbandry, etc.
374
1
No writing-down allowance is to be made under section 372 if, when the agricultural building is first used, it is not used for the purposes of husbandry.
2
Any writing-down allowance which has been made in respect of an agricultural building which has not been used is to be withdrawn if—
a
when the building is first used, it is not used for the purposes of husbandry, or
b
the person to whom the allowance was made sells the relevant interest before the building is first used.
3
All such assessments and adjustments of assessments are to be made as are necessary to give effect to this section.