Related Commentary  

442(1)  This section applies if–

(a)an allowance is made to a person for a chargeable period in respect of qualifying expenditure, and

(b)the person is required to bring a disposal value into account for a later chargeable period in respect of that expenditure.

442(2)  The person is liable to a balancing charge for the later chargeable period in respect of the qualifying expenditure.

442(3)  The amount of the balancing charge is–

(a)the amount (if any) by which the disposal value to be brought into account for the period exceeds any unclaimed allowance, or

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