Capital Allowances Act 1990 (repealed) (Version in vigour from 2001-04-01 to )

Consolidated Text

As Enacted

Cited authorities 186

Cited in

Currency	No known outstanding effects
Coming into Force	01 April 2001

Contenidos

Capital Allowances Act 1990 (repealed)
Part I: Industrial Buildings and Structures

1: Buildings and structures in enterprise zones.
2: Transitional relief for regional projects.
2A: Initial allowances: contracts entered into between October 1992 and November 1993.
3: Writing-down allowances.
4: Balancing allowances and balancing charges.
4A: Realisation of capital value.
5: Restriction of balancing allowances on sale of industrial buildings or structures.
6: Buildings and structures (including hotels) in enterprise zones.
7: Other hotels.
8: Writing off of expenditure and meaning of “residue of expenditure".
9: Manner of making allowances and charges.
10: Purchases of buildings and structures.
10A: Purchases of buildings and structures: special provision for enterprise zones.
10B: Purchases of buildings and structures in enterprise zones within two years of use.
10C: Purchases of buildings and structures: allowances under section 2A.
10D: Arrangements affecting the value of the purchased interest.
11: Long leases.
12: Expenditure on repair of buildings.
13: Expenditure on sites for machinery and plant.
14: Sports pavilions.
15: Temporary disuse of industrial buildings or structures.
15ZA: Temporary disuse: manner of making allowances and charges in certain cases.
15A: Balancing charge after cessation of trade.
16: Requisitioned land, holding over of leased land and other special cases.
17: Mining structures etc: balancing allowances carried back to earlier chargeable periods.
17A: Enterprise zones: exclusion of expenditure.
18: Definition of “industrial building or structure".
19: Meaning of “qualifying hotel".
20: Meaning of “the relevant interest".
21: Other interpretation of Part I.

Part II: Machinery and Plant

22: First-year allowances: transitional relief for regional projects.
22A: Expenditure of a small or medium-sized enterprise.
22AA: Expenditure of a small enterprise.
22B: Withdrawal of first-year allowance on change of use.
22C: Disclosure of information in connection with first-year allowances.
23: Information relating to first-year allowances.
24: Writing-down allowances and balancing adjustments.
25: Qualifying expenditure.
26: The disposal value.
27: Professions, employments, vocations etc.
28: Investment companies.
28A: Schedule A cases.
29: Furnished holiday lettings.
30: First-year allowances.
31: Writing-down allowances.
32: Ships not used in the actual trade.
33: Exclusion of section 31.
Balancing charges in respect of ship disposals et ceteralaetc.

33A: Deferment of balancing charge.
33B: Amount brought into account in respect of the old ship.
33C: Reimposition of deferred charge.
33D: Expenditure to which deferments attributed.
33E: Qualifying ships.
33F: Procedural provisions relating to deferred charges.

34: Writing-down allowances etc.
35: Contributions to expenditure, and hiring of cars.
36: Definition of “motor car", etc.
37: Election for certain machinery or plant to be treated as short-life assets.
38: Assets which cannot be treated as short-life assets.
Expenditure to which Chapter applies

38A: Application of Chapter.
38B: Expenditure excluded from the application of the Chapter.
38C: Exclusion of Chapter where limit for individuals and partnerships not exceeded.
38D: Exclusion of Chapter where company’s limit not exceeded.

Rules applying to expenditure on long-life assets

38E: Separate pools for expenditure on long-life assets.
38F: Modifications applying to pools for long-life assets.
38G: Disposal value of long-life assets.

Transitional provisions

38H: Transitional provisions.

39: Meaning of “qualifying purpose".
40: Meaning of “short-term leasing" and “the requisite period".
41: Writing-down allowances etc. for leased assets and inexpensive cars.
42: Assets leased outside the United Kingdom.
43: Joint lessees: new expenditure.
44: Further provisions relating to joint lessees in cases involving new expenditure.
45: Joint lessees: old expenditure.
46: Recovery of excess relief: new expenditure.
47: Recovery of excess relief: old expenditure.
48: Information relating to allowances made in respect of new expenditure.
49: Information relating to allowances made in respect of old expenditure.
50: Interpretation of Chapter V.
51: Application and interpretation of Chapter VI.
52: Expenditure incurred by holder of interest in land.
53: Expenditure incurred by equipment lessor.
54: Expenditure included in consideration for acquisition of existing interest in land.
55: Expenditure incurred by incoming lessee: transfer of allowances.
56: Expenditure incurred by incoming lessee: lessor not entitled to allowances.
56A: Restriction on duplicate allowances under sections 54 and 56.
56B: Fixtures on which a former owner had an allowance.
56C: Fixtures on which an allowance has been given under Part I.
56D: Fixtures on which an allowance has been given under Part VII.
57: Fixtures treated as ceasing to belong to particular persons.
58: Equipment lessors: special provisions.
59: Disposal value of fixtures in certain cases.
59A: Disposal values in avoidance cases.
59B: Election to use alternative apportionment.
59C: Elections under section 59B: supplemental.
60: Machinery and plant on hire-purchase etc.
60A: Machinery and plant on hire-purchase etc.: fixtures.
61: Machinery and plant on lease.
62: Treatment of demolition costs.
62AA: Reuse etc. of offshore oil infrastructure
62AB: Meaning of “decommissioning expenditure” in section 62AA
62AC: Meaning of “offshore infrastructure” in section 62AA
62A: Special allowance for decommissioning costs related to offshore machinery or plant.
62B: Treatment of post-cessation abandonment expenditure related to offshore machinery or plant.
63: Mineral extraction.
64: Transfers of interests in oil fields.
64A: Production sharing contracts.
65: Partnership using property of a partner.
66: Building alterations connected with installation of machinery or plant.
67: Expenditure on thermal insulation.
67A: Computer software.
68: Exclusion of certain expenditure relating to films, tapes and discs.
69: Expenditure on fire safety.
70: Expenditure on safety at sports grounds.
71: Security.
72: Security: supplementary.
73: Manner of making allowances and charges.
74: Allowances not available: expenses of MPs and others.
75: Further restrictions on allowances.
76: Extension of section 75.
76A: Special provision for finance lease cases.
76B: Special provision for sale and leaseback cases.
77: Successions to trades: connected persons.
78: Succession to trades where no election made under section 77.
79: Effect of use partly for trade etc. and partly for other purposes.
79A: Reduction in qualifying use.
80: Effect of subsidies towards wear and tear.
81: Effect of use after user not attracting capital allowances, or after receipt by way of gift.
82: Capital expenditure to which this Part does not apply.
82A: Meaning of “finance lease”.
83: Other interpretative provisions.

Part III: Dwelling-houses Let on Assured Tenancies

84: Application of Part III.
85: Writing-down allowances.
86: Qualifying dwelling-houses.
87: Balancing allowances and charges and withdrawal of initial allowances in certain cases.
88: Dwelling-houses not continuously qualifying dwelling-houses.
89: Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house.
90: Writing off of expenditure and meaning of “residue of expenditure".
91: Buildings bought unused.
92: Manner of making allowances and charges.
93: Repairs, and double allowances.
94: Holding over by lessees, etc.
95: The relevant interest.
96: The appropriate capital expenditure.
97: Interpretation.

Part IV: Mineral Extraction

98: Writing-down and balancing allowances.
99: Disposal receipts.
100: Balancing charges: excess of allowances etc. over expenditure.
101: Occasions of balancing allowances.
102: Treatment of qualifying expenditure on mineral exploration and access.
103: Demolition costs.
104: Manner of making...

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Capital Allowances Act 1990 (repealed) (Version in vigour from 2001-04-01 to )

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