Capital Allowances Act 2001 section 393F

General rule as to what is the relevant interest

Section 393F establishes the general rule for identifying which interest in land constitutes the "relevant interest" for the purposes of claiming renovation allowances on business premises.

• The relevant interest is the interest in the land held by the person who incurred the qualifying expenditure on renovating or converting the business premises.
• Where expenditure is incurred on a building and the person holds more than one interest in that land, the relevant interest is the one that entitles them to occupy the building or to receive rents or receipts from it.
• The relevant interest may be a freehold or leasehold interest, and it follows through to subsequent owners if the property changes hands.
• This rule is subject to specific modifications set out in other provisions dealing with particular circumstances, such as where the relevant interest is merged with another interest in the same land.

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