IBWDA - trade for which bldg in use
04/04/1996
Query
Where warehousing facilities provided to person carrying on a qualifying trade for IBA purposes is building in use for qualifying trade
Decision
Where the buildign is let to a person carrying on a trade carried on in a mill, factory or other similar premises, it is in use for the lessee's trade. Where the person providing the warehousing facilities does so as part of a trade, the buildign is in use for the purposes of the trade of that person and is not in use for the purposes of a qualifying trade.
Income Tax
Section 272, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT962002B