Revenue Precedents

If there is a mixture of residential and commercial units in a building in an Urban Renewal Area what does the 10% rule apply to? Where the capital expenditure incurred on the provision of the office accommodation in the qualifying period is not more than 10% of the capital expenditure incurred in that period on the entirety of the building or structure housing the office accommodation, the office is regarded as a qualifying premises for the purposes of section 342(1) TCA 1997. IT983002

Can the beneficiary of a settlement trust claim capital allowances on a property situated in an Urban Renewal Area if the expenditure is incurred by the Trust? Expenditure incurred by the trustees is not expenditure incurred by the beneficiaries for the purpose of TCA 1997 Part 10 Chapter 3.