66 Business premises renovation allowances
Finance Act 2014 (2014 c 26) | Legislation

66  Business premises renovation allowances

(1)     Section 360B of CAA 2001 (business premises renovation allowances: meaning of “qualifying expenditure”) is amended in accordance with subsections (2) to (6).

(2)     For subsection (1) substitute—

“(1)     In this Part “qualifying expenditure” means capital expenditure incurred before the expiry date—

(a)     in respect of which Conditions A and B are met, and

(b)     which is not excluded by subsection (3), (3B) or (3D).”

(3)     After subsection (2) insert—

“(2A)     Condition A is that the expenditure is incurred on—

(a)     the conversion of a qualifying building into qualifying business premises,

(b)     the renovation of a qualifying building if it is or will be qualifying business premises, or

(c)     repairs to a qualifying building or, where the building is part of a building, to the building of which the qualifying building forms part, to the extent that the repairs are incidental to expenditure within paragraph (a) or (b).

(2B)     Condition B is that the expenditure is incurred on—

(a)     building works,

(b)     architectural or design services,

(c)     surveying or engineering services,

(d)     planning applications, or

(e)     statutory fees or statutory permissions.

(2C)     But Condition B is treated as met in respect

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