Capital Allowances Act 2001 section 360C

Meaning of "qualifying building"

Section 360C defines what counts as a "qualifying building" for the purposes of business premises renovation allowances, setting out the conditions a building must meet and explaining the concept of a "disadvantaged area".

• A qualifying building must be located in a designated disadvantaged area on the date conversion or renovation work began, and must have been unused for at least one year immediately before that date.
• The building must have last been used for trade, professional or vocational purposes, or as offices — it must not have last been used as a dwelling.
• Where a building straddles the boundary of a disadvantaged area, only the expenditure fairly attributable to the part within the disadvantaged area counts as qualifying expenditure.
• The Treasury has the power to designate disadvantaged areas by regulation, including specifying time limits for such designations, and may make further rules about what does or does not count as a qualifying building.