Commentary

C2.1110 Buildings qualifying for capital allowances

Capital gains tax
Capital gains tax | Commentary

C2.1110 Buildings qualifying for capital allowances

Capital gains tax | Commentary

C2.1110 Buildings qualifying for capital allowances

The disallowance in computing a capital gain or loss of amounts which have been deducted in computing profits or income for income tax or corporation tax purposes (see C2.215) does not include capital allowances1. But if the disposal of a building gives rise to a capital loss, the expenditure on the building is reduced by the amount of capital allowances made in respect of it2. (The amount of capital allowances is reduced by the amount of any balancing charge on the disposal of the building3.)

This applies whether the building is treated as part of

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