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

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