Commentary

B3.108C Capital allowances―anti-avoidance

Business tax
Business tax | Commentary

B3.108C Capital allowances―anti-avoidance

Business tax | Commentary

B3.108C Capital allowances―anti-avoidance

Sales of assets

The provisions described below apply to mineral extraction allowances (see Division B3.4) and research and development allowances (see Division B3.7) and they applied (and may still apply on a balancing event in certain cases) to the following codes of allowances which have now been abolished1:

  1.  

    (a)     industrial building allowances (but now relevant only in a very small number of cases in respect of enterprise zone buildings), see B3.281)

  2.  

    (b)     business premises renovation allowances (see Division B3.11)

  3.  

    (c)     flat conversion allowances, see Division B3.10)

  4.  

    (d)     assured tenancy allowances, see Division B3.9)

Somewhat similar provisions applying to

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