Capital Allowances Act 2001 (c. 2)

Modifications etc. (not altering text)

C1 S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7

[F1PART 2AU.K.STRUCTURES AND BUILDINGS ALLOWANCES

Textual Amendments

F1Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2

CHAPTER 2U.K.QUALIFYING EXPENDITURE

Qualifying expenditure incurred on purchaseU.K.

270BFMeaning of references to carrying on trade as a developerU.K.

For the purposes of sections 270BD, 270BE and 270BJ—

(a)a developer is a person who carries on a trade which consists in whole or part in the construction of buildings or structures with a view to their sale, and

(b)an interest in a building or structure is sold by the developer in the course of the development trade if the developer sells it in the course of the trade or (as the case may be) that part of the trade that consists in the construction of buildings or structures with a view to their sale.]