Section 278 — Income Tax (Earnings and Pensions) Act 2003: Abortive acquisition benefits and expenses

Abortive acquisition benefits and expenses 278 Benefits or expenses are within this section if—

a they are benefits provided or expenses incurred with a view to the acquisition of an interest in a residence, b the interest is not acquired—

i because of circumstances outside the control of the person seeking to acquire it, or ii because that person reasonably declines to proceed, and c the benefits or expenses would have fallen within section 277 if the interest had been acquired.