These allowances are not available for expenditure incurred on or after 6 April 2013 (income tax) or 1 April 2013 (corporation tax). However, see B3.1012 for balancing adjustments which can still apply.
'Qualifying flat' means a flat in respect of which the following requirements are met1:
- Ìý
(a)ÌýÌýÌýÌý the flat must be in a qualifying building;
- Ìý
(b)ÌýÌýÌýÌý the flat must be suitable for letting as a dwelling (disregarding any temporary unsuitability where previously suitable2);
- Ìý
(c)ÌýÌýÌýÌý the flat must be held for the purpose of 'short-term letting' (ie letting as a dwelling on a lease
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