Commentary

B3.1005 Qualifying flats

Business tax
Business tax | Commentary

B3.1005 Qualifying flats

Business tax | Commentary

B3.1005 Qualifying flats

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.

'Qualifying flat' means a flat in respect of which the following requirements are met1:

  1.  

    (a)     the flat must be in a qualifying building;

  2.  

    (b)     the flat must be suitable for letting as a dwelling (disregarding any temporary unsuitability where previously suitable2);

  3.  

    (c)     the flat must be held for the purpose of 'short-term letting' (ie letting as a dwelling on a lease for a term (or, in

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