000			01511cab a2200229 4500
001			ABS38353
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u10066
041			_aeng
100			_aSowler, R.
245			_aAgricultural buildings allowances: the new rules: Parts I and II
260			_c1987
350			_a0
490			_aLaw Society`s Gazette _v84(26) 8 July 1987, 2024-2026
520			_aPart I reviews the provisions under the Finance Act 1986 s56 relating to capital allowances for the construction of farm and forestry buildings. Discusses the requirements necessary to qualify for agricultural buildings allowances, referring to relevant case law throughout. Includes the statutory definitions of "major interest" and "relevant interest", explaining that allowances may only be claimed by someone who has a major interest in agricultural or forestry land. Concludes by looking at regulations governing the transfer of the relevant interest to another party. Part II continues the discussion on transferring the relevant interest, concentrating on the right to balancing adjustments under the new rules Illustrates with examples. Notes interaction with industrial buildings allowances , ie where expenditure occurs on a foreign plantation, or where there is a trade performing certain agricultural activities.
650			_aCAPITAL ALLOWANCES ACT 1968 S68
650			_aFARM BUILDINGS
650			_aTAX RELIEF
690			_aTAXATION
942			_n0
948			_c04/03/1997
999			_c6325 _d6325