The circumstances in which a cessation takes place are set out in CAA 2001, s. 188–192A. However, these provisions are without prejudice to any other circumstances in which disposal value may have to be brought into account in respect of the fixture (CAA 2001, s. 196(5)). It will accordingly always be necessary to determine whether, prior to the time at which a person is deemed to have ceased to own the equipment pursuant to these provisions, there has been a disposal event within CAA 2001, Pt. 2 Ch. 5 has occurred, in which case there will have been a disposal value calculated in accordance with CAA 2001, s. 61.

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