Commentary

B3.1002 Entitlement to flat conversion allowances

Business tax
Business tax | Commentary

B3.1002 Entitlement to flat conversion allowances

Business tax | Commentary

Entitlement to allowances

B3.1002 Entitlement to flat conversion allowances

These allowances are not available for expenditure incurred on or after 6 April 2013 (income tax) or 1 April 2013 (corporation tax). However, see B3.1012 for balancing adjustments which can still apply.

Flat conversion allowances are available if a person incurs 'qualifying expenditure' (see B3.1003) in respect of a flat1. The person to whom the allowances are to be given is the person who incurred the 'qualifying expenditure' and who has the 'relevant interest' (see B3.1006) in the flat2.

The term 'flat' means a separate set of premises (covering one or more

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