C2Part 4 Agricultural buildings allowances
Chapter 5 Balancing adjustments
General
384 Exclusion of proportion of proceeds
1
The amounts referred to in column 2 of the Table in section 383 do not include any amount which, on a just and reasonable apportionment, is attributable to assets representing expenditure in respect of which an allowance cannot be made under this Part.
2
If the qualifying expenditure in respect of which the balancing adjustment is made was restricted as a result of—
a
subsection (3) or (4) of section 369 (restrictions on expenditure on farmhouse), or
b
subsection (5) of that section (restriction on expenditure on buildings to be used partly for purposes other than husbandry),
a corresponding proportion only of the amounts referred to in the Table in section 383 is to be treated as proceeds from the balancing event.
3
Subsection (1) does not affect sections 562, 563 and 564(1) (apportionment and procedure for determining apportionment).
Pt. 4 restricted (19.7.2007) by Finance Act 2007 (c. 11), s. 36(4)-(7)