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Interpretation of reference to expenditure on construction of building or structure.
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19.—A reference in this Part of this Act to expenditure incurred on the construction of a building or structure does not include—
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(a) any expenditure incurred on the acquisition of, or of rights in or over, any land, or
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(b) any expenditure incurred on preparing, cutting, tunnelling or levelling any land,
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but paragraph (b) of this section shall not apply to expenditure on work done on the land to be covered by a building or structure for the purposes of preparing the land to receive the foundations of the building or structure, being work which may be expected to be valueless when the building or structure is demolished and not being work which consists of cutting or tunnelling.
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