This concept is important to determine the timing of any balancing adjustments. The meaning varies according to the type of pool in question, and is variously defined as follows:

for the main pool and the special rate expenditure pool it is the chargeable period in which the qualifying activity is permanently discontinued;

for a class pool under CAA 2001, s. 107 (overseas leasing – see ¶230-190), it is the chargeable period ‘at the end of which the circumstances are such that there can be no more disposal receipts in any subsequent chargeable period’;

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