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Structures and buildings allowance (SBA) is given in respect of qualifying expenditure¹. 'Qualifying expenditure' is expenditure which is 'qualifying capital expenditure' on the construction or purchase of a building or structure, and which is not 'excluded expenditure'².

If capital expenditure is incurred on the construction of a building or structure and the relevant interest has not been sold (or has been sold only after the building or structure has been brought into non-residential use), that expenditure is the qualifying capital expenditure³. If the capital expenditure is incurred on different days after the building or structure has been brought into non-residential use, it may be treated for allowance purposes as incurred on any of the following days:

1. Ìý

   •ÌýÌýÌýÌý the latest day on which qualifying capital expenditure on construction is incurred

2. Ìý

   •ÌýÌýÌýÌý the first day of the chargeable period following that in which that latest day falls, or

3. Ìý

   •ÌýÌýÌýÌý the first day of the chargeable period following that in which the day on which the expenditure