Capital Allowances Act 2001

535 Insurance or compensation moneyU.K.
This adran has no associated Nodiadau Esboniadol

A person is to be regarded as having incurred expenditure (despite section 532(1)) to the extent that it is met (directly or indirectly) by—

(a)insurance money, or

(b)other compensation money,

payable in respect of an asset which has been destroyed, demolished or put out of use.