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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 June 2006 - onwards
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372D. Capital allowances in relation to construction or refurbishment of certain commercial premises.

(1) In this section, "qualifying premises" means a building or structure or part of a building or structure the site of which is wholly within a qualifying area, or which fronts on to a qualifying street, and which -

(a) apart from this section is not an industrial building or structure within the meaning of section 268, and

(b)

(i) is in use for the purposes of a trade or profession, or

(ii) whether or not it is so used, is let on bona fide commercial terms for such consideration as might be expected to be paid in a letting of the building or structure negotiated on an arm's length basis,

but does not include any part of a building or structure in use as or as part of a dwelling house.

(2)

(a) Subject to paragraph (b), subsections (3) to (5) and (as inserted by the Finance Act 2006) sections 270(4), 270(5), 270(6), 270(7) and 316(2B), the provisions of the Tax Acts (other than section 372C) relating to the making of allowances or charges in respect of capital expenditure incurred on t

Comparing proposed amendment...