Capital Allowances Act 2001 section 514

Balancing events

Section 514 lists the events that can trigger a balancing adjustment in relation to a qualifying dwelling-house.

• The relevant interest in the dwelling-house is sold
• A lease on the dwelling-house comes to an end without the leaseholder acquiring the reversionary interest
• The dwelling-house is demolished or destroyed
• The dwelling-house ceases altogether to be used, without being demolished or destroyed