Commentary

C2.103 Assets qualifying for capital allowances

Capital gains tax
Capital gains tax | Commentary

C2.103 Assets qualifying for capital allowances

Capital gains tax | Commentary

C2.103 Assets qualifying for capital allowances

The disposal consideration is not reduced on account of any money or money's worth:

  1.  

    •     taken into account in making a balancing charge under CAA 2001 other than in respect of an assured tenancy1

  2.  

    •     brought into account as the disposal value of plant or machinery2

  3.  

    •     brought into account as the disposal value of an asset qualifying for research and development allowances3

Where expenditure has been pooled for capital allowance purposes, a balancing charge will only arise where the total disposal proceeds in any chargeable period exceed

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