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Version status: Repealed | Document consolidation status: Updated to reflect all known changes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

356. 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Repealed from 1 January 2002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 359(2), a lease of the house the consideration for the grant of which consists solely of -

(a) a single payment which is or is to be treated as rent for the purposes of Chapter 8 of Part 4, or

(b) periodic payments all of which are or are to be treated as rent for the purposes of that Chapter;

"qualifying premises" means, subject to subsections (3), (4)(a), (5) and (6) of section 359, a house -

(a) the site of which is wholly within a qualifying resort 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 125 square metres in the case where the house is a separate self-contained flat or maisonette in a building of 2 or more storeys, or

(ii) in any other case, is not less than 35 square metres and not more than 125 square metres,

(d) in respect of which, if it is not a new house (for the purposes of section 4

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