Election—capital allowances apportionment on grant of lease—CAA 2001, s 199
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  • Election—capital allowances apportionment on grant of lease—CAA 2001, s 199

Election—capital allowances apportionment on grant of lease—CAA 2001, s 199

[Date]

[Grantor's name and Unique Taxpayer Reference (UTR)]

[Grantee's name and UTR]

Election to apportion the price of fixtures under section 199 of the Capital Allowances Act 2001

Notice is hereby given of an election made under section 199 of the Capital Allowances Act 2001 (CAA 2001).

This election is made jointly by [name of grantor], as grantor (the Grantor), whose Unique Taxpayer Reference is [UTR] and [name of grantee], as grantee (the Grantee), whose Unique Taxpayer Reference is [UTR] in respect of the property known as [details of property and the address] with HM Land Registry title number [title number] (the Property).

The Grantee has acquired a leasehold interest in the Property pursuant to a lease agreement dated [date of lease agreement] (the Agreement) made between the Grantor and the Grantee.

The plant and machinery to which this election relates comprises those fixtures (as defined in section 173(1) of CAA 2001) at the Property as at the date of the Agreement which are set out in the Appendix.

For all purposes of Part 2 of CAA 2001, the Grantor and the Grantee hereby jointly elect in accordance with section 199 of CAA 2001 to

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