CAA01/S197

There is legislation that prevents the acceleration of allowances by arrangements such as the creation of a balancing allowance through the sale of a fixture for a nominal amount. Where it applies the notional written down value is substituted for the disposal value in the seller's capital allowance computations. The buyer's expenditure qualifying for capital allowances is the actual price paid even though the seller's disposal value is increased.

The disposal value is the notional written down value if, after the fixtures legislation has treated a fixture as belonging to a person, all of the following conditions are met:

there is a disposal event

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