PART 1Income tax, corporation tax and capital gains tax
Capital allowances
13Structures and buildings allowances: allowance statements
(1)
In section 270IA(4) of CAA 2001 (definition of “allowance statement”)—
(a)
in paragraph (b), for “purchase, and” substitute “acquisition,”
, and
(b)
after paragraph (c) insert
“, and
(d)
where qualifying expenditure is incurred on the construction or acquisition of the building or structure after the date mentioned in paragraph (c), the date on which the expenditure is incurred.”
(2)
The amendments made by this section have effect in relation to cases in which qualifying expenditure—
(a)
is incurred on the construction or acquisition of the building or structure on or after the day on which this Act is passed, or
(b)
in reliance on section 270BB(3) of CAA 2001, is treated as being so incurred on or after that day for the purposes of Part 2A of that Act.