Capital Allowances Act 1990

6Buildings and structures (including hotels) in enterprise zones

(1)This Chapter and Chapter III—

(a)shall apply with the modifications specified below in relation to capital expenditure on the construction of an industrial building or structure; and

(b)shall, as so modified, apply also in relation to capital expenditure on the construction of a qualifying hotel or of a commercial building or structure as if it were an industrial building or structure,

in any case where the expenditure is incurred, or is incurred under a contract entered into, at a time when the site of the industrial building or structure, the qualifying hotel or the commercial building or structure is in an enterprise zone, being a time not more than 10 years after the site was first included in the zone.

(2)Section 3(2) shall have effect with the substitution for the references to one-twentyfifth of references to one-quarter.

(3)Section 7 shall not apply to expenditure to which this Chapter applies by virtue of this section.

(4)For the purposes of sections 3(1)(b), 4(1), 8(3), (4) and (7) and 15(1) and (2) a building or structure of any description (including a qualifying hotel) in relation to which this Chapter has effect in accordance with subsection (1) above shall be regarded as continuing to be, or to be used as, a building or structure of that description notwithstanding that it has become a building or structure of another such description.

(5)For the purposes of subsection (1) above, expenditure shall not by reason only of section 10(1) be treated as having been incurred after the date on which it was in fact incurred.