Date requirement
The erection, extension, addition to or improvement of the building must have commenced:
- on or after the date on which the Minister has published the particulars of the relevant demarcated area within which the building is located in the Gazette; and
- in terms of a contract formally and finally signed by all parties on or after that date.
It is also required that the purchase agreement must have been concluded on or after 8 November 2005.
The building or that part of a building must have been brought into use solely for the purposes of the taxpayer’s trade on or before 31 March 2020.