569 Election to treat sale as being for alternative amount
Capital Allowances Act 2001 (2001 c 2) | Legislation

569  Election to treat sale as being for alternative amount

(1)     The parties to a sale of property that is not for the alternative amount may elect for the sale to be treated as being for the alternative amount if—

(a)     the control test is met or section 573 applies (transfers treated as sales), and

(b)     the tax advantage test is not met.

(2)     Subsection (1) is subject to section 570.

(3)     The alternative amount is the lower of market value and—

(a)     if the sale is relevant for

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