Capital Allowances Act 2001 section 270IA

Evidence of qualifying expenditure etc.

Section 270IA sets out the requirement for a written allowance statement as a precondition for claiming structures and buildings allowances, specifying what the statement must contain and how it must be obtained.

• Qualifying expenditure is treated as nil for allowance purposes unless an allowance statement is in place before the first claim is made
• The current owner must either create the allowance statement (if they incurred the expenditure) or obtain one from a previous owner of the relevant interest
• The allowance statement must record the earliest construction contract date, the qualifying expenditure amount, the date of first non-residential use, and the date of any later qualifying expenditure
• Where the expenditure includes freeport qualifying expenditure, the statement must separately state the amount of that freeport expenditure