Enterprise zone apportionments
Lowthorpe, M.
Enterprise zone apportionments - 1996 - Taxation 137(3573) 19 September 1996, 686-687(2) .
Discusses a Special Commissioner`s decision on industrial buildings allowances. A syndicate was the first to buy the freehold of a retail warehouse from a developer within two years of first use. It had been part of an enterprise zone for ten years and had been used under a lease as a retail unit before being acquired by the syndicate. At issue was how much of the purchase price paid by the syndicate was attributable to the land and so not qualifying for industrial buildngs allowances. "Decision" because the syndicate was the first to purchase the retail unit within two years of first use it was entitled to industrial buildings allowances at 100%on the purchase of the relevant interest.
ENTERPRISE ZONES
INDUSTRIAL BUILDINGS ALLOWANCES
RETAIL WAREHOUSES
Enterprise zone apportionments - 1996 - Taxation 137(3573) 19 September 1996, 686-687(2) .
Discusses a Special Commissioner`s decision on industrial buildings allowances. A syndicate was the first to buy the freehold of a retail warehouse from a developer within two years of first use. It had been part of an enterprise zone for ten years and had been used under a lease as a retail unit before being acquired by the syndicate. At issue was how much of the purchase price paid by the syndicate was attributable to the land and so not qualifying for industrial buildngs allowances. "Decision" because the syndicate was the first to purchase the retail unit within two years of first use it was entitled to industrial buildings allowances at 100%on the purchase of the relevant interest.
ENTERPRISE ZONES
INDUSTRIAL BUILDINGS ALLOWANCES
RETAIL WAREHOUSES