Chancery Division.

Sir John Vinelott.

Judgment delivered 20 March 1997.

Capital allowances – Industrial building or structure – Enterprise zone – Developer constructed unit on land in enterprise zone – Enterprise zone syndicate purchased freehold interest of unit within two years of unit’s use – Members claimed capital allowance of price paid less proportion of price paid by developer for land element of site – Manner in which purchase price paid by syndicate was to be apportioned as to land value and construction costs – Capital Allowances Act 1990, s. 10B, 20(1), 21.

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