Part 4 Plant and Machinery Allowances
Capital Allowances Act 2001 (2001 c 2) | Legislation

Part 4 Plant and Machinery Allowances

Introduction

Use for qualifying activity of plant or machinery provided for other purposes

11

Subsections (4) and (5) of section 13 do not apply if the plant or machinery was brought into use before 21st March 2000.

Use for qualifying activity of plant or machinery which is a gift

12

Section 14 applies with the insertion after subsection (1) of—

“(1A)     This section does not apply unless the donor was required by section 24(6) of CAA 1990 to bring into account for the purposes there mentioned a disposal value equal to the price which the plant or machinery would have fetched if sold in the open market at the time of the gift.â€,

if the plant or machinery was brought into use before 27th July 1989.

Qualifying expenditure

Buildings, structures and land

13

Sections 21 to 24 do not apply in relation to expenditure—

(a)     incurred before 30th November 1993;

(b)     incurred before 6th April 1996 in pursuance of a contract entered into before 30th November 1993; or

(c)     incurred before 6th April 1996 in pursuance of a contract entered into on or after 30th November 1993

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