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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2002 - onwards
  Version 2 of 2    

325. Rented residential accommodation: deduction for certain expenditure on construction.

Repealed from 1 January 2002

(1) In this section -

"qualifying lease", in relation to a house, means, subject to section 329(2), a lease of the house the consideration for the grant of which consists - (a) solely of periodic payments all of which are or are to be treated as rent for the purposes of Chapter 8 of Part 4, or (b) of payments of the kind mentioned in paragraph (a), together with a payment by means of a premium which does not exceed 10 per cent of the relevant cost of the house;

"qualifying period" means the period commencing on the 30th day of January, 1991, and ending on the last day of the specified period;

"qualifying premises" means, subject to subsections (3), (4)(a) and (5) of section 329, a house in the Custom House Docks Area - (a) which is used solely as a dwelling (b) the total floor area of which - (i) is not less than 30 square metres and not more than - (I) 125 square metres, or (II) as respects expenditure incurred before the 12th day of April, 1995, 90 square me

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