Act repealed (1.4.2001 for corporation tax purposes and 6.4.2001 for income tax purposes) by Capital Allowances Act 2001 (c. 2), Sch. 4 (with Sch. 3 Pt. 1)
Act repealed (1.4.2001 for corporation tax purposes and 6.4.2001 for income tax purposes) by Capital Allowances Act 2001 (c. 2), Sch. 4 (with Sch. 3 Pt. 1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial Buildings and Structures
Initial Allowances
Buildings and structures in enterprise zones.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transitional relief for regional projects.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Initial allowances: contracts entered into between October 1992 and November 1993.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down Allowances, Balancing Allowances and Balancing Charges
Writing-down allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing allowances and balancing charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Realisation of capital value.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of balancing allowances on sale of industrial buildings or structures.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings and structures (including hotels) in enterprise zones.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other hotels.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Provisions Supplementary to Chapters I and II
Writing off of expenditure and meaning of “residue of expenditure".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manner of making allowances and charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases of buildings and structures.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases of buildings and structures: special provision for enterprise zones.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases of buildings and structures in enterprise zones within two years of use.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases of buildings and structures: allowances under section 2A.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Arrangements affecting the value of the purchased interest.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long leases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on repair of buildings.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on sites for machinery and plant.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sports pavilions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Temporary disuse of industrial buildings or structures.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Temporary disuse: manner of making allowances and charges in certain cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing charge after cessation of trade.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Requisitioned land, holding over of leased land and other special cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mining structures etc: balancing allowances carried back to earlier chargeable periods.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enterprise zones: exclusion of expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Definition of “industrial building or structure".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “qualifying hotel".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “the relevant interest".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other interpretation of Part I.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and Plant
Allowances and Charges: General Provisions
First-year allowances: transitional relief for regional projects.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure of a small or medium-sized enterprise.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure of a small enterprise.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Withdrawal of first-year allowance on change of use.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disclosure of information in connection with first-year allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information relating to first-year allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances and balancing adjustments.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The disposal value.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Professions, employments, vocations etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule A cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Furnished holiday lettings.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ships
First-year allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ships not used in the actual trade.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of section 31.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing charges in respect of ship disposals et ceteralaetc.
Deferment of balancing charge.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amount brought into account in respect of the old ship.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reimposition of deferred charge.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure to which deferments attributed.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying ships.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Procedural provisions relating to deferred charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expensive Motor Cars
Writing-down allowances etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions to expenditure, and hiring of cars.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Definition of “motor car", etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short-Life Assets
Election for certain machinery or plant to be treated as short-life assets.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets which cannot be treated as short-life assets.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long-life assets
Expenditure to which Chapter applies
Application of Chapter.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure excluded from the application of the Chapter.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of Chapter where limit for individuals and partnerships not exceeded.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of Chapter where company’s limit not exceeded.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rules applying to expenditure on long-life assets
Separate pools for expenditure on long-life assets.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Modifications applying to pools for long-life assets.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal value of long-life assets.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transitional provisions
Transitional provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Leased Assets and Inexpensive Cars
Meaning of “qualifying purpose".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “short-term leasing" and “the requisite period".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances etc. for leased assets and inexpensive cars.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets leased outside the United Kingdom.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Joint lessees: new expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Further provisions relating to joint lessees in cases involving new expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Joint lessees: old expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recovery of excess relief: new expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recovery of excess relief: old expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information relating to allowances made in respect of new expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information relating to allowances made in respect of old expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Chapter V.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixtures
Application and interpretation of Chapter VI.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by holder of interest in land.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by equipment lessor.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure included in consideration for acquisition of existing interest in land.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by incoming lessee: transfer of allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by incoming lessee: lessor not entitled to allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction on duplicate allowances under sections 54 and 56.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixtures on which a former owner had an allowance.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixtures on which an allowance has been given under Part I.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixtures on which an allowance has been given under Part VII.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixtures treated as ceasing to belong to particular persons.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equipment lessors: special provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal value of fixtures in certain cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal values in avoidance cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Election to use alternative apportionment.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Elections under section 59B: supplemental.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous Expenditure
Machinery and plant on hire-purchase etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and plant on hire-purchase etc.: fixtures.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and plant on lease.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of demolition costs.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reuse etc. of offshore oil infrastructure
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “decommissioning expenditure” in section 62AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “offshore infrastructure” in section 62AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Special allowance for decommissioning costs related to offshore machinery or plant.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of post-cessation abandonment expenditure related to offshore machinery or plant.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mineral extraction.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers of interests in oil fields.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Production sharing contracts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Partnership using property of a partner.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Building alterations connected with installation of machinery or plant.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on thermal insulation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Computer software.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of certain expenditure relating to films, tapes and discs.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on fire safety.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on safety at sports grounds.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Security.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Security: supplementary.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary Provisions
Manner of making allowances and charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances not available: expenses of MPs and others.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Further restrictions on allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extension of section 75.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Special provision for finance lease cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Special provision for sale and leaseback cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Successions to trades: connected persons.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Succession to trades where no election made under section 77.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of use partly for trade etc. and partly for other purposes.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reduction in qualifying use.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of subsidies towards wear and tear.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of use after user not attracting capital allowances, or after receipt by way of gift.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital expenditure to which this Part does not apply.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “finance lease”.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other interpretative provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dwelling-houses Let on Assured Tenancies
Application of Part III.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying dwelling-houses.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing allowances and charges and withdrawal of initial allowances in certain cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dwelling-houses not continuously qualifying dwelling-houses.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing off of expenditure and meaning of “residue of expenditure".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings bought unused.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manner of making allowances and charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs, and double allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Holding over by lessees, etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The relevant interest.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The appropriate capital expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mineral Extraction
Allowances and Charges
Writing-down and balancing allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal receipts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing charges: excess of allowances etc. over expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Occasions of balancing allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of qualifying expenditure on mineral exploration and access.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Demolition costs.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manner of making allowances and charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying Expenditure
General provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pre-trading expenditure on machinery or plant which is sold etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pre-trading exploration expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions by mining concerns to public services etc. outside the United Kingdom.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restoration expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Limitations on Qualifying Expenditure etc.
Expenditure on the acquisition of land.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reduction of qualifying expenditure for premium relief.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of disposal receipts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets formerly owned by traders.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets previously acquired.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure partly attributable to mineral exploration and access.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Oil licences etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfer of mineral assets within a group.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets formerly owned by non-traders.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposals of oil licences relating to undeveloped areas.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary Provisions
Transitional provisions relating to old expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Time when expenditure is incurred.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part IV.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Agricultural Buildings etc.
Agriculture
Allowances for expenditure incurred before 1st April 1986.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances for expenditure incurred after 31st March 1986.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure qualifying for allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Initial allowances: contracts entered into between October 1992 and November 1993.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction on writing-down allowance where initial allowance made.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “major interest" and “the relevant interest".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers of relevant interest.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings etc. bought unused.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases of buildings and structures: cases involving initial allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing allowances and charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing events.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of balancing allowances on sale of buildings.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Forestry
Forestry: transitional provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplemental
Manner of making allowances and charges.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part V.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dredging
Allowances for expenditure on dredging.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part VI.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Scientific Research
Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances for capital expenditure on scientific research.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets ceasing to belong to traders.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal of oil licences etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal of oil licences: election for alternative tax treatment.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplemental.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary Provisions
Income tax allowances and charges in taxing a trade etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income tax allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of set-off of allowances against general income.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax agreements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corporation tax allowances and charges in taxing a trade.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other corporation tax allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corporation tax allowances: claims.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances under Parts V and VI.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of double allowances.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Double allowances: transitional provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Companies not resident in the United Kingdom.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Apportionment of consideration, and exchanges and surrenders of leasehold interests.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Procedure on apportionments.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Succession to trades etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance companies: transfers of business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfer of a UK trade.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subsidies, contributions etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances in respect of contributions to capital expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Further provisions relating to capital contributions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “sale, insurance, salvage or compensation moneys".
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sales between connected persons etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Further provisions relating to sales without change of control or between connected persons.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital expenditure, capital sums and time when capital expenditure is incurred.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Additional VAT liabilities and rebates.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “period of account”.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other interpretative provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Application to Scotland.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Continuity and construction of enactments etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commencement, amendments and repeals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short title.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULES
Exclusions from expenditure on machinery or plant
Buildings
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Structures, assets and works
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Land
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
General exemptions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 145A
Corporation Tax Allowances: Claims
Introductory
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Time limits
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Method of making claim
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nature of claim
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adjustments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164
Consequential amendments
Taxes Management Act 1970 c. 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Social Security Act 1975 c. 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Social Security (Northern Ireland) Act 1975 c. 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital Gains Tax Act 1979 c. 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finance Act 1982 c. 39
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
London Regional Transport Act 1984 c. 32
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Films Act 1985 c. 21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trustee Savings Bank Act 1985 c. 58
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income and Corporation Taxes Act 1988 c. 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finance Act 1988 c. 39
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finance Act 1989 c. 26
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electricity Act 1989 c. 29
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164.
Repeals
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note:The following abbreviations are used in this Table:—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .