Where capital allowances or renewals allowances have been given in respect of expenditure actually incurred by a person in providing an asset, the following Sections must be considered when that asset is disposed of.

TCGA92/S41 (restriction of losses by reference to capital allowances and renewals allowances: see CG15410), and

TCGA92/S47 (wasting assets qualifying for capital allowances: see CG15440).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.