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Changes over time for: Section 70S
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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.
Status:
Point in time view as at 17/07/2012.
Changes to legislation:
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 70S.
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Changes to Legislation
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[70SThe disqualificationsU.K.
This section has no associated Explanatory Notes
(1)This section sets out the disqualifications mentioned in subsection (2)(d) of section 70R and is to be construed as one with that section.
(2)Disqualification A is that the amounts payable—
(a)under the mixed lease, or
(b)under any other arrangement,
vary, or may be varied, by reference to the value from time to time to the lessor of allowances under this Act in respect of expenditure incurred by him in the provision of the background plant or machinery for the building.
(3)Disqualification B is that the main purpose, or one of the main purposes, of entering into—
(a)the mixed lease,
(b)a series of transactions of which the mixed lease is one, or
(c)any of the transactions in such a series,
is to secure that allowances under this Act are available to the lessor in respect of expenditure incurred in the provision of background plant or machinery for a building.]
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