Part 11 Contributions
Chapter 2 Contribution allowances
Contribution allowances under F1Parts 2F8, 2A, 3, 4 and 5
Annotations:
Amendments (Textual)
F8
Word in s. 537 cross-heading inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 3(10)(d)
537Conditions for contribution allowances under F4Parts 2F9, 2AF5... and 5
1
2
The general conditions are that—
a
a person (“C”) has contributed a capital sum to expenditure on the provision of an asset,
b
the expenditure would (ignoring section 532(1))—
i
have been regarded as wholly incurred by another person (“R”), and
c
C and R are not connected persons.
3
In this section “public body” means the Crown or any public or local authority in the United Kingdom.
4
In this Chapter “relevant activity” has the meaning given by section 536(5).
Words in s. 537(1) cross-heading substituted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 5; S.I. 2007/949, art. 2