Capital Allowances Act 1990

97Interpretation

(1)In this Part, except where the context otherwise requires—

• “approved body” has the meaning given by section 56(4) of the [1980 c. 51.] Housing Act 1980;

• “assured tenancy” means a tenancy which is an assured tenancy within the meaning of section 56 of the Housing Act 1980, or a tenancy which for the purposes of the [1988 c. 50.] Housing Act 1988 is an assured tenancy but is not an assured shorthold tenancy;

• “building” includes part of a building;

• “dwelling-house” has the same meaning as in the [1977 c. 42.] Rent Act 1977;

• “expenditure appropriate to a dwelling-house” has the meaning given by section 96; and

• “qualifying dwelling-house” has the meaning given by section 86.

(2)References in this Part to expenditure incurred on the construction of a building do not include any expenditure incurred on the acquisition of, or of rights in or over, any land.

(3)A person who has incurred expenditure on the construction of a building shall be deemed, for the purposes of any provision of this Part referring to his interest therein at the time when the expenditure was incurred, to have had the same interest therein as if the construction thereof had been completed at that time.

(4)Without prejudice to any of the other provisions of this Part relating to the apportionment of the sale, insurance, salvage or compensation moneys, the sum paid on the sale of the relevant interest in a building or structure, or any other sale, insurance, salvage or compensation moneys payable in respect of any building or structure, shall for the purposes of this Part be deemed to be reduced by an amount equal to so much thereof as, on a just apportionment, is attributable to assets representing expenditure other than expenditure in respect of which an allowance can be made under this Part.