Part 7Income charged under this Act: rent-a-room and F1qualifying care relief
Annotations:
Amendments (Textual)
Chapter 2F2qualifying care relief
Annotations:
Amendments (Textual)
F2
Pt. 7 Ch. 2 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 29 (with Sch. 1 para. 37)
Capital allowances for foster carers carrying on trade
C1827Excluded capital expenditure: subsequent treatment of asset
If a relevant individual incurs excluded capital expenditure in a relevant chargeable period, section 13 of CAA 2001 applies as if, on the first day of the first subsequent chargeable period which is not a relevant chargeable period—
a
the individual brings into use for the provision of F3qualifying care such of the plant or machinery on which the expenditure was incurred as the individual still owns on that day, and
b
the individual owns the plant or machinery as a result of incurring capital expenditure on its provision for other purposes.
Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)