117 Recovery of allowances in case of joint lessees
Capital Allowances Act 2001 (2001 c 2) | Legislation

117  Recovery of allowances in case of joint lessees

(1)     If—

(a)     expenditure is incurred on the provision of plant or machinery which is leased as described in section 116(1),

(b)     the whole or a part of the expenditure has qualified for a normal writing-down allowance under section 116(3),

(c)     at any time in the designated period while the plant or machinery is so leased, no lessee uses the plant or machinery for the purposes of a qualifying activity or activities the profits of which are chargeable to tax, and

(d)     section 114 (recovery of prohibited allowances) does not apply at that time and has not applied at any earlier time,

sections 111 and 112 (recovery of excess allowances) apply as if the plant or machinery or (as the case may be) the separate item of

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