503 Purchase of dwelling-house sold unused by developer
Capital Allowances Act 2001 (2001 c 2) | Legislation

503  Purchase of dwelling-house sold unused by developer

(1)     This section applies if—

(a)     expenditure has been incurred by a developer on the construction of a building which was to be or include a qualifying dwelling-house, and

(b)     the relevant interest was sold by the developer in the course of the development trade before the first use of any dwelling-house comprised in the building.

(2)     If—

(a)     the

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