115 Prohibited allowances: connected persons
Capital Allowances Act 2001 (2001 c 2) | Legislation

115  Prohibited allowances: connected persons

(1)     Section 114 applies with the modifications in subsection (2) in a case in which—

(a)     an amount falls to be treated as a balancing charge under that section,

(b)     the person on whom the balancing charge is to be imposed acquired the plant or machinery in question as a result of a transaction between connected persons (or a series of transactions each of which was between connected persons),

[(c)     the transaction was not effected (or, if more than one, none of

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