Anti-avoidance provisions

Apportionment of sums partly referable to non-qualifying assets

Apportionments

Available allowances

Balancing adjustments

Balancing events and proceeds

Calculation

Generally

Balancing allowances and charges

Balancing events

Adjustments

Calculation

Demolition of qualifying building

Proceeds

Residue of qualifying expenditure

Claims

Delay in completing the works

Delays

Demolition

Designated disadvantaged areas

Designation of disadvantaged areas

Disentitlement of allowance, anti-avoidance provision

Disqualified trade sectors

Disqualified trade sectors before 22 July 2014

Disqualified trade sectors on or after 22 July 2014

Features described by HMRC

Fixtures

Generally

Giving effect to allowances and charges

Generally

Lessors and licensees

Trades

Grants in respect of qualifying expenditure

Grants received

Initial allowances

Generally

Premises not qualifying

Lease, meaning

Property losses

Qualifying building

Qualifying buildings

Qualifying business premises

Conditions

Generally

Meaning

Qualifying expenditure

Building use

Conditions

Exclusions

Expiry date for incurring

Generally

Market value

Meaning

Monetary limit

Relief cap

Use

Relevant interest

Relevant interest in qualifying building

Generally

Interest acquired on completion of conversion

Relevant trade, meaning

Sales treated as being for alternative amount

Sales treated as being for an alternative amount

Termination of a lease

Termination of leases

Generally

Lease, meaning of

Leasehold interest, meaning in Scotland

Transfer treated a sales

Value added tax additional liabilities and rebates

Balancing adjustments

Initial allowance

Rebates

Writing-down allowances

Value added tax liabilities and rebates

Writing off qualifying expenditure

Demolition costs

Generally

Initial allowances and writing-down allowances

Writing-down allowances

Amount of

Entitlement

Generally

Residue of qualifying expenditure, meaning

Writing-off