Commentary

B3.1017 Apportionment of sums partly referable to non-qualifying assets

Business tax
Business tax | Commentary

B3.1017 Apportionment of sums partly referable to non-qualifying assets

Business tax | Commentary

B3.1017 Apportionment of sums partly referable to non-qualifying assets

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.

Where a sum is paid for the sale of the relevant interest in a flat and the sum relates partly to assets representing qualifying expenditure and partly to assets representing other expenditure, the proportion of the sum paid referable to the assets representing qualifying expenditure is found by making a just and reasonable apportionment of the total amount1. This applies

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