B3.1111 Business premises renovation—writing-down allowancesA person is entitled to a writing-down allowance for a chargeable period if he has incurred qualifying expenditure (see B3.1102) in respect of a qualifying building (see B3.1103) and, at the end of the chargeable period: (a) he is entitled to the relevant interest in the qualifying building (see B3.1105) (b) he has not granted a long lease of the qualifying building out of the relevant interest in consideration of the payment of a capital sum; and (c) the qualifying building constitutes qualifying business premises (see B3.1104)1The writing-down allowance cannot exceed the residue of qualifying
A person is entitled to a writing-down allowance for a chargeable period if he has incurred qualifying expenditure (see B3.1102) in respect of a qualifying building (see B3.1103) and, at the end of the chargeable period:
(a) he is entitled to the relevant interest in the qualifying building (see B3.1105)
(b) he has not granted a long lease of the qualifying building out of the relevant interest in consideration of the payment of a capital sum; and
(c) the qualifying building constitutes qualifying business premises (see B3.1104)1
The writing-down allowance cannot exceed the residue of qualifying
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