# Capital Allowances Act 2001, Section 270CG: Use for the purposes of a property business


(1) A building or structure is to be treated, for the purposes of this Part, as being used for the purposes of a UK property business or an overseas property business during any period in respect of which subsection (2) applies.
(2) This subsection applies in relation to a building or structure if the person with the relevant interest is entitled, under the terms of a lease or otherwise, to rents, or other receipts, in respect of the building or structure of such amounts as may reasonably have been expected to have been payable if the transaction had been between persons dealing with each other at arm’s length in the open market.
(3) For the purposes of this section, “rents” and “other receipts” have the same meaning as in section 266 of ITTOIA 2005.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/270CG (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-270CG
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.