Commentary

B3.1105 The relevant interest in the qualifying building

Business tax
Business tax | Commentary

B3.1105 The relevant interest in the qualifying building

Business tax | Commentary

B3.1105 The relevant interest in the qualifying building

In relation to any qualifying expenditure, the relevant interest in a qualifying building is the interest in that building to which the person who incurred the expenditure was entitled when it was incurred1. This rule is subject to the further provisions described below and to special provisions applying on the termination of a lease (see B3.1119)2.

Where the person who incurred the qualifying expenditure is entitled to more than one interest and one of those interests is reversionary on all the others, the reversionary interest is the relevant one3. In other words, the

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