Related Commentary  Related HMRC Manuals

443(1)  A person is required to bring a disposal value into account in respect of qualifying expenditure incurred by him if–

(a)he ceases to own an asset representing the expenditure, or

(b)an asset representing the expenditure is demolished or destroyed at a time when he owns the asset.

443(2)  Subsection (1) is to be read with section 555 (disposal of oil licence with exploitation value).

443(3)  But a person is not required to bring a disposal value into account under subsection (1) if the disposal event gives rise to a balancing charge under Part 2 (plant and machinery allowances).

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