Regulation 4 Meaning of “qualifying business premises”

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

For the purposes of Part 3A of the Act (business premises renovation allowances) premises are not qualifying business premises where—

(a)

the person entitled to the relevant interest in the premises is carrying on a relevant trade; or

(b)

the premises are used, or used in part, for the purposes of such a trade.

(2)

In this regulation—

“relevant interest” has the meaning given by Chapter 4 of Part 3A of the Act (the relevant interest in the qualifying building);
“relevant trade” means a trade in any sector in relation to which Commission Regulation (EC) No 1628/2006 on the application of Articles 87 and 88 of the Treaty to national regional investment aid^f1 does not apply by virtue of paragraph 2 of Article 1 of that Regulation.

(3)

This regulation applies in relation to part of a trade as it applies in relation to a trade.

Annotations