Section 270DB Interest acquired on completion of constructionF1

For the purposes of determining the relevant interest, a person who—

(a)

incurs expenditure on the construction of a building or structure, and

(b)

is entitled to an interest in the building or structure on or as a result of the completion of the construction,

is treated as having had that interest when the expenditure was incurred.

Annotations

F1: Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2