Finance Act 1983

31Buildings converted into very small workshops

(1)Where the conditions mentioned in subsection (2) below are satisfied in relation to an industrial building, section 73 of the [1982 c. 39.] Finance Act 1982 (industrial buildings allowance: very small workshops) shall apply in relation to capital expenditure on the construction of that building notwithstanding that the gross internal floor space of the whole building will exceed 1,250 square feet.

(2)The conditions referred to in subsection (1) above are that—

(a)the industrial building has been constructed by means of the conversion of a building (the " existing building ") into two or more industrial buildings;

(b)each of those industrial buildings is—

(i)permanently separated from the remainder of the existing building;

(ii)intended for occupation separately from the remainder of the existing building; and

(iii)suitable for being so occupied; and

(c)the average gross internal floor space does not exceed 1,250 square feet.

(3)For the purposes of subsection (2)(c) above, the average gross internal floor space shall be calculated—

(a)as at the date at which the following condition is first satisfied, namely that all the buildings which have been constructed by means of the conversion have come into use ; or

(b)if that condition is not satisfied before 27th March 1986, as at that date ;

and shall be taken to be the average of the gross internal floor space of all those parts of the existing building which are industrial buildings at that date.

(4)This section does not apply where the existing building, or any part of it, remained unused throughout the period before the conversion.

(5)Where—

(a)in anticipation of the conditions mentioned in subsection (2) above being complied with in relation to an industrial building, section 73 of the Act of 1982 has been taken to apply in relation to capital expenditure on the construction of that building ; and

(b)those conditions have not been complied with in relation to that industrial building ;

all such assessments shall be made as are necessary to secure that the [1968 c. 3.] Capital Allowances Act 1968 shall have effect in relation to that expenditure as if it had never been expenditure to which section 73 applies.

(6)The Tax Acts shall have effect as if this section were contained in Chapter I of Part I of the Act of 1968.