
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Changes over time for: Section 558


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 06/04/2005
Status:
Point in time view as at 01/12/2001. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 558.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
558 Effect of partnership changesU.K.
This section has no associated Explanatory Notes
(1)This section applies if—
(a)a relevant activity has been set up and is at any time carried on in partnership,
(b)there has been a change in the persons engaged in carrying on the relevant activity, and
[(c)the change does not result in the relevant activity being treated as permanently discontinued under section 113(1) or 337(1) of ICTA (changes in persons carrying on a trade etc. and effect of company ceasing to trade etc.).]
(2)In this section—
“the present partners” means the person or persons for the time being carrying on the relevant activity, and
“predecessors”, in relation to the present partners, means their predecessors in carrying on the relevant activity.
(3)Any allowance or charge is to be made to or on the present partners.
(4)The amount of any allowance or charge arising under subsection (3) is to be calculated as if—
(a)the present partners had at all times been carrying on the relevant activity, and
(b)everything done to or by their predecessors in carrying on the relevant activity had been done to or by the present partners.
(5)In this section “relevant activity” means a trade, property business, profession or vocation.
Back to top