SCHEDULES
SCHEDULE 10Tax
Part 2Provisions relating to Part 5
Capital Allowances
19Industrial buildings
1
If a compensating payment is made to the transferor, the proceeds from the balancing event are the amount of the payment.
2
Otherwise—
a
the proceeds from the balancing event are the amount which is equal to the residue of qualifying expenditure immediately before the transfer, and
b
no balancing adjustment is to be made as a result of the event under section 319 of the Allowances Act 2001.