F1 Part 4A FLAT CONVERSION ALLOWANCES

Chapter 1 INTRODUCTION

393A Flat conversion allowances

(1)

Allowances are available under this Part if a person incurs qualifying expenditure in respect of a flat.

(2)

Allowances under this Part are made to the person who—

(a)

incurred the expenditure, and

(b)

has the relevant interest in the flat.

(3)

In this Part “ flat ” means a dwelling which—

(a)

is a separate set of premises (whether or not on the same floor),

(b)

forms part of a building, and

(c)

is divided horizontally from another part of the building.

(4)

In this Part “ dwelling ” means a building or part of a building occupied or intended to be occupied as a separate dwelling.