Taxes Consolidation Act 1997 section 380G

Interpretation (Part 11B)

Section 380G sets out the definitions used in Part 11B, which provided a countrywide scheme of tax relief for expenditure on the refurbishment of certain rented residential accommodation.

• Defines "house" to include any building, or part of a building, used or suitable for use as a dwelling, together with outhouses, yards, gardens and other appurtenant land.
• Defines "market value" as the open market price of the unencumbered freehold, excluding the portion attributable to the land on which the house is built.
• Sets the "qualifying period" as the period commencing on 6 April 2001.
• Defines "refurbishment" broadly to cover construction, reconstruction, repair or renewal works (including improvements to water, sewerage or heating facilities) carried out as part of repair or restoration of the house, or to comply with the Housing (Standards for Rented Houses) Regulations 1993.