Commentary

B3.1004 Qualifying buildings

Business tax
Business tax | Commentary

B3.1004 Qualifying buildings

Business tax | Commentary

B3.1004 Qualifying buildings

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.

For a building to be a 'qualifying building', the following requirements must be met1:

  1.  

    (a)     all or most of its ground floor must be 'authorised for business use' (see below);

  2.  

    (b)     its construction must have been completed before 1 January 1980 (disregarding any extension completed on or after that date but before 1 January 20012);

  3.  

    (c)     it must have no more than four storeys above ground floor (disregarding an attic storey, unless used, or previously used, as a dwelling or part of a dwelling3); and

  4.  

    (d)     at time of construction, all such storeys must have been primarily for residential use.

The term 'authorised for business use' is defined by reference to specific uses designated in

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial