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Capital Allowances Act 2001

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Changes over time for: Section 211

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Point in time view as at 22/03/2001.

Changes to legislation:

Capital Allowances Act 2001, Section 211 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

211 Single asset pool etc.U.K.

This section has no associated Explanatory Notes

(1)Qualifying expenditure to which this subsection applies, if allocated to a pool, must be allocated to a single asset pool.

(2)Subsection (1) applies to qualifying expenditure if a partial depreciation subsidy relating to the plant or machinery has been paid to the person who incurred the expenditure.

(3)Subsection (4) applies if—

(a)qualifying expenditure has been allocated to a pool, and

(b)a partial depreciation subsidy relating to the plant or machinery is paid to that person.

(4)For the chargeable period in which the partial depreciation subsidy is paid—

(a)the person is required to bring a disposal value into account in the pool referred to in subsection (3), and

(b)an amount equal to the disposal value is allocated (as expenditure on the plant or machinery) to a single asset pool.

(5)If qualifying expenditure in respect of any plant or machinery is in a single asset pool under this section, there is no further allocation of that qualifying expenditure because a further partial depreciation subsidy is paid in respect of that plant or machinery.

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