Related Commentary  Related HMRC Manuals

570A(1)  This section applies where an event occurs in relation to an asset (a “balancing event” ) as a result of which a balancing allowance would (but for this section) fall to be made to a person (“the taxpayer” ) under Part 3A, 5 or 10.

570A(2)  The taxpayer is not entitled to any balancing allowance if, as a result of a tax avoidance scheme, the amount to be brought into account as the proceeds from the event is less than it would otherwise have been.

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