98. Disposal value.

The disposal value to be brought into account for the purposes of capital allowances on plant or machinery depends upon the disposal event1, so, for example:

  1.  

    (1)     unless head (2) below applies, if the disposal event is the sale2 of the plant or machinery, the disposal value is the net proceeds of the sale, together with:

    1.  

      (a)     any insurance money received in respect of the plant or machinery as a result of an event affecting the price obtainable on the sale; and

    2.  

      (b)     any other compensation of any description so received, so far as it consists of capital sums,