80. Subsidies And Capital Contributions. | Taxation Law | LexisNexis

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80. Subsidies and capital contributions.

For the purposes of the Capital Allowances Act 2001, the general rule is that a person ('R') is regarded as not having incurred expenditure to the extent that it has been, or is to be, met (directly or indirectly) by a public body

(5) Capital Allowances

74. Scope of capital allowances.

75. Capital expenditure and capital sums.

76. Time when expenditure is incurred.

77. Meaning of 'chargeable period'.

78. Non-resident companies.

79. Connected persons.

80. Subsidies and capital contributions.

81. References to sales and apportionment of consideration.

82. Sales treated as being at market value or for an alternative amount.

83. Qualifying expenditure and general conditions as to availability of allowances.

84. Qualifying activities.

85. Buildings, structures and land.

86. Expenditure on integral features.

87. Special cases of expenditure that is not qualifying expenditure.

88. The allowance.

89. Restrictions on the allowance.

90. Availability of first-year allowances.

91. Excluded expenditure.

92. Entitlement to, and amount of, first-year allowances.

93. First-year tax credits in general.

94. Clawback of first-year tax credit.

95. Pooling of qualifying expenditure.

96. Entitlement, liability, and amount of allowances and charges.

97. Disposal receipt and disposal event.

98. Disposal value.

99. The final chargeable period.

100. Leaving the cash basis.

101. Hire-purchase and similar contracts, long-funded leases, overseas leasing, ships and mining and oil industries.

102. Treatment of computer software as plant.

103. Short-life assets.

104. Special rate expenditure; pooling and writing-down allowances.

105. Long-life asset expenditure.

106. Fixtures.

107. In general.

108. Restrictions on allowance buying.

109. Finance leases and certain operating leases.

110. Additional VAT liabilities and rebates in general.

111. Anti-avoidance of additional VAT liability.

112. Giving effect to allowances and charges generally.

113. Qualifying activities carried on in partnership.

114. Successions.

115. Special rate cars: discontinued activity continued by relevant company.

116. Business premises renovation allowances generally.

117. Mineral extraction allowances.

118. Research and development allowances.

119. Know-how allowances.

120. Patent allowances.

121. Dredging allowances.

122. Assured tenancy allowances.

123. Tax agreements.

124. Exclusion of double allowances.

125. Avoidance affecting proceeds of balancing event.