Commentary

B3.1118 Apportionment of sums partly referable to non-qualifying assets

Business tax
Business tax | Commentary

B3.1118 Apportionment of sums partly referable to non-qualifying assets

Business tax | Commentary

B3.1118 Apportionment of sums partly referable to non-qualifying assets

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

The above apportionment rule is applied to any proceeds from a balancing event as it would to the sale of the relevant interest2.

These apportionment rules do not affect

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