Commentary

C2.1205 Expenditure qualifying for capital allowances

Capital gains tax
Capital gains tax | Commentary

C2.1205 Expenditure qualifying for capital allowances

Capital gains tax | Commentary

C2.1205 Expenditure qualifying for capital allowances

The provisions regarding wasting of expenditure do not apply to leases of assets used solely for the purposes of a trade, profession or vocation, for which capital allowances have been or could have been claimed, or to expenditure which has otherwise qualified in full for any capital allowance. Where a lease has not qualified for full capital allowances, expenditure and consideration received for disposal are apportioned, the separate parts being dealt with under the rules for wasting assets and the rules for assets which have qualified in full for capital allowances, respectively. Any apportionment

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