{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-360N",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-360N.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/360N",
  "kind": "section",
  "number": "360N",
  "heading": "Balancing events",
  "text": "(1) The following are balancing events for the purposes of this Part—\n(a) the relevant interest in the qualifying building is sold;\n(b) a long lease of the qualifying building is granted out of the relevant interest in consideration of the payment of a capital sum;\n(c) if the relevant interest is a lease, the lease ends otherwise than on the person entitled to it acquiring the interest reversionary on it;\n(d) the person who incurred the qualifying expenditure dies;\n(e) the qualifying building is demolished or destroyed;\n(f) the qualifying building ceases to be qualifying business premises (without being demolished or destroyed).\n(2) Section 360I(2) and (3) (meaning of “long lease”) applies for the purposes of subsection (1)(b).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/360N",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}