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Version status: Repealed | Document consolidation status: Updated to reflect all known changes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    

346. 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Repealed from 1 January 2002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 350(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 premises" means, subject to subsections (3), (4)(a), (4)(c) and (5) of section 350, a house -

(a) the site of which is wholly within a designated area,

(b) which is used solely as a dwelling,

(c) 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 metres,

in the case where the house is a separate self-contained flat or maisonette in a building of 2 or more storeys, o

Comparing proposed amendment...