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Changes over time for: Section 70B
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/12/2020.
Changes to legislation:
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 70B.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
[70BLong funding operating lease: amount of capital expenditureU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies by virtue of section 70A(6).
(2)If the long funding lease is a long funding operating lease, the amount of the capital expenditure is the market value of the plant or machinery at the later of—
(a)the commencement of the term of the lease;
(b)the date on which the plant or machinery is first brought into use for the purposes of the qualifying activity.
(3)This section is to be construed as one with section 70A.]
Yn ôl i’r brig