Part 10

Assured tenancy allowances
Chapter 5

Writing-down allowances

Entitlement to and calculation of writing-down allowances

Entitlement to writing-down allowance
507
1
A person is entitled to a writing-down allowance for a chargeable period if—
a
qualifying expenditure has been incurred on a building,
b
that person is or has been an approved body,
c
at the end of that chargeable period the person is entitled to the relevant interest in the building, and
d
at the end of that chargeable period, the building is or includes a qualifying dwelling-house or two or more qualifying dwelling-houses.
2
A person claiming a writing-down allowance may require the allowance to be reduced to a specified amount.
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