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Capital Allowances Act 2001

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Changes over time for: Section 45Q

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Changes to legislation:

There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 45Q. Help about Changes to Legislation

[F145QExclusion of plant or machinery partly for use outside [F2special tax sites] U.K.
This section has no associated Explanatory Notes

(1)This section applies if—

(a)at the time when expenditure on plant or machinery is incurred, the company incurring it intends the plant or machinery to be used partly in an area which is not a [F2special tax site], and

(b)the main purpose, or one of the main purposes, for which a person is party to the relevant arrangements is the obtaining of a first-year allowance, or a greater first-year allowance, in respect of the part of the expenditure that is attributable to that intended use in an area which is not a [F2special tax site] ([F3the “non-qualifying part” of] the expenditure).

(2)The [F4non-qualifying part] of the expenditure is not first-year qualifying expenditure under section 45O.

(3)For the purposes of this section, the [F5non-qualifying part] of the expenditure is to be determined on a just and reasonable basis.

(4)In this section, “the relevant arrangements” means—

(a)the transaction under which the expenditure on the plant or machinery is incurred, and

(b)any scheme or arrangements of which that transaction forms part.]

Textual Amendments

F1Ss. 45O-45R inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 22 para. 3

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