Commentary

B3.1103 Qualifying building

Business tax
Business tax | Commentary

B3.1103 Qualifying building

Business tax | Commentary

B3.1103 Qualifying building

A qualifying building means a building or structure, or part of a building or structure, which meets the following conditions1:

  1.  

    (a)     it must be situated in a disadvantaged area on the date when the conversion or renovation work began

  2.  

    (b)     it must have been unused throughout the period of one year ending immediately before that date

  3.  

    (c)     on that date, it must have been last used for the purposes of a trade, profession or vocation, or as an office or offices

  4.  

    (d)     it must not have last been used as a dwelling or as part of a

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