198 Election to apportion sale price on sale of qualifying interest
Capital Allowances Act 2001 (2001 c 2) | Legislation

Election to fix apportionment

198  Election to apportion sale price on sale of qualifying interest

(1)     This section applies if the disposal value of a fixture is required to be brought into account in accordance with item 1 [or 9] of the Table in section 196 (sale of qualifying interest at not less than market value, etc).

(2)     The seller and the purchaser may jointly, by an election, fix

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