Capital Allowances Act 2001 section 393D

Meaning of "qualifying flat"

Section 393D defines what constitutes a "qualifying flat" for the purposes of the flat conversion allowance provisions.

• A qualifying flat is a self-contained dwelling created by converting unused space above shops and other commercial premises into residential accommodation.
• The flat must be a separate, self-contained unit suitable for use as a dwelling, resulting from a qualifying conversion of the property.
• This definition is central to determining eligibility for flat conversion allowances, which were designed to encourage the creation of new residential units from underused commercial space.
• The provision was amended by the Finance Act 2012, Schedule 39, paragraph 37, as part of broader reforms to capital allowances legislation.