Capital Allowances Act 2001 section 504

Requirements relating to the landlord

Section 504 sets out the conditions that a landlord must meet for a dwelling-house to be treated as a qualifying dwelling-house for the purposes of capital allowances.

• The landlord must be a company for the dwelling-house to qualify.
• The landlord must also be either the person who incurred the qualifying expenditure on the building, or the person currently entitled to the relevant interest in the dwelling-house.
• The company requirement does not apply to expenditure incurred before 5 May 1983, or expenditure incurred on or after that date under a contract entered into before that date.
• However, this transitional exemption from the company requirement is lost if a person other than a company became entitled to the relevant interest on or after 5 May 1983.