building requirement

To qualify for a deduction under section 13quat, a person must have:

• erected an entirely new commercial or residential building;
• extended, added to or improved an existing commercial or residential building or part of such a building representing a floor area of at least 1 000 m²; or
• purchased a building or part of a building directly from a developer that –
• has erected, extended, added to or improved either an entire building or a part of a building representing a floor area of at least 1 000 m²;
• has not previously claimed any UDZ deduction on the building or part of a building; and
• in the case of the improvement of a building or part of a building, has incurred expenditure on these improvements which is equal to at least 20% of the purchase price paid by the purchaser for the building or part of the building.