# Capital Allowances Act 2001, Section 496: Interest acquired on completion of construction


For the purpose of determining the relevant interest, a person who—
(a) incurs expenditure on the construction of a building, and
(b) is entitled to an interest in the building on or as a result of the completion of the construction,
is treated as having had that interest when the expenditure was incurred.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/496 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-496
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.