60 Meaning of “disposal receipt” and “disposal event”U.K.
(1)In this Part “disposal receipt” means a disposal value that a person is required to bring into account in accordance with—
(a)sections 61, 62 and 63 (disposal events, disposal values and the general limit on the amount of a disposal value),
(b)any of the provisions of this Part listed in section 66, or
(c)[F1section 614BS of ITA 2007] or [F2section 918 of CTA 2010 (cases where expenditure taken into account under Part 2, 5 or 8 of this Act) or] any other enactment,
when read with sections 64 and 264(3) (cases in which no disposal value need be brought into account).
(2)In this Part “disposal event” means any event of a kind that requires a disposal value to be brought into account under this Part (whether under section 61(1) or otherwise).
(3)If—
(a)qualifying expenditure has been allocated to a pool, and
(b)more than one disposal event occurs in respect of the plant or machinery,
a disposal value is required to be brought into account in the pool in connection with the first event only.
(4)In subsection (3) “disposal event” does not include a disposal event arising under—
section 72 (computer software),
sections 140 and 143 (attribution of deferred balancing charge), or
section 238(2) (additional VAT rebates).
Textual Amendments
F1Words in s. 60(1)(c) substituted (1.4.2010) (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 234 (with Sch. 9 paras. 1-9, 22)
F2Words in s. 60(1)(c) inserted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 327 (with Sch. 2)