[37B Consideration on certain disposals: structures and buildings allowances]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[37B  Consideration on certain disposals: structures and buildings allowances]

[(1)     This section applies on the disposal of an asset by a person if—

(a)     the asset is an interest in a building or structure which is “an interest in UK land” (as defined in section 1C) or an equivalent interest in land outside the United Kingdom,

(b)     the person is, or has been, entitled to an allowance under Part 2A of CAA 2001 (“the structures and buildings allowance”) by reference to the building or structure, and

(c)     the expenditure by reference to which the structures and buildings allowance has been made is allowable under section 38 as a deduction from the consideration in the computation of the gain on the disposal.

(2)     In determining the amount

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