# Commission Implementing Regulation (EU) 2020/1197 of 30 July 2020 laying down technical specifications and arrangements pursuant to Regulation (EU) 2019/2152 of the European Parliament and of the Council on European business statistics repealing 10 legal acts in the field of business statistics (Text with EEA relevance), Division 4): Variable 260104: Gross investment in construction and improvement of buildings

Extent: E+W+S+N.I.

Gross investment in construction and improvement of buildings includes all:
additions to construction of new buildings for own use (self-constructed),
acquisitions of new buildings (usually the result of a construction contract, the beneficiary of which is the reporting statistical unit),
capitalized additions, alterations, improvements and renovations to existing buildings (if additional economic benefits associated with them are likely to flow to the statistical unit), recognized as such by the statistical unit during the reference period.
Gross investment in construction and improvement of buildings is a part of variable Gross investment in tangible non-current assets.

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Source: https://www.legislation.gov.uk/eur/2020/1197/annex/IV/division/II/division/G/division/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-1197/annex-IV/division-II/division-G/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.