Related Commentary  Related HMRC Manuals

197(1)  This section applies if–

(a)a person (“the taxpayer” ) is treated under this Chapter as the owner of any plant or machinery as a result of incurring any expenditure,

(b)any disposal event occurs in relation to the plant or machinery,

(c)the disposal value to be brought into account by the taxpayer would (but for this section) be less than the notional written-down value of the plant or machinery, and

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