Commentary

B3.901 Introduction to capital allowances on assured tenancies

Business tax
Business tax | Commentary

B3.901 Introduction to capital allowances on assured tenancies

Business tax | Commentary

Division B3.9     Assured tenancies

For updates affecting this Division please see Part B0 Updates

Capital allowances on assured tenancies

B3.901 Introduction to capital allowances on assured tenancies

The assured tenancy scheme was introduced in the Housing Act 1980 to encourage the construction of residential properties for letting and only applied to England and Wales. Bodies approved under the scheme were able to let dwelling houses at rents not restricted by the Rent Acts. The approved bodies were companies and were mostly housing associations or subsidiaries of insurance companies.

Assured tenancy allowances are given1:

  1.  

    (a)     in respect of qualifying expenditure on the construction

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