488 Balancing allowances
Capital Allowances Act 2001 (2001 c 2) | Legislation

488  Balancing allowances

(1)     A person is entitled to a balancing allowance for a chargeable period if—

(a)     qualifying expenditure has been incurred on dredging,

(b)     in that chargeable period, the qualifying trade for the purposes of which the expenditure was incurred has been—

(i)     permanently discontinued, or

(ii)     sold,

(c)     the person is the last person carrying on the qualifying trade before its discontinuance or sale, and

(d)     the amount

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