C1

Part 11 Contributions

Chapter 2 Contribution allowances

Contribution allowances under F1Parts 2F8, 2A, 3, 4 and 5

Annotations:
Amendments (Textual)
F1

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

537Conditions for contribution allowances under F4Parts 2F9, 2AF5... and 5

1

This section gives general conditions for making contribution allowances under F4Parts 2F6, 2AF2... and 5.

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

ii

if R is not a public body, have entitled R to allowances under Part 2F7, 2AF3... or 5 or to allocate the expenditure to a pool under Part 2, 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).