70 Capital allowances: anti-avoidance relating to disposals
Finance Act 2016 (2016 c 24) | Legislation

70  Capital allowances: anti-avoidance relating to disposals

(1)     Part 2 of CAA 2001 (plant and machinery allowances) is amended as follows.

(2)     Section 213 (relevant transactions: sale, hire purchase etc and assignment) is amended in accordance with subsections (3) and (4).

(3)     In subsection (1) for the words from “enters” to “(“S”)” substitute “and another person (“S”) enter into a relevant transaction”.

(4)     After subsection (3) insert—

“(4)     For the purposes of this Chapter, references to the disposal value of the plant or machinery under a relevant transaction are references to the disposal value that is to be brought into account by S as a result of the sale, contract or assignment in question.”

(5)     Section

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