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Changes over time for: Paragraph 19


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Point in time view as at 22/07/2008.
Changes to legislation:
There are currently no known outstanding effects for the Crossrail Act 2008, Paragraph 19.

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.
Valid from 05/03/2009
This section has no associated Explanatory Notes
19(1)This paragraph applies to a relevant transfer of plant or machinery which is a disposal event for the purposes of Part 2 of CAA 2001 (capital allowances for plant and machinery).U.K.
(2)For the purposes of the application of section 61 of that Act in relation to the transferor, the disposal value of the plant or machinery is to be treated—
(a)if a capital sum is received by the transferor by way of consideration or compensation in respect of the transfer, as an amount equal to that sum, or
(b)if no such sum is received, as nil.
(3)For the purposes of this paragraph a sum received by a person connected with the transferor is to be treated as received by the transferor.
(4)Section 88 of CAA 2001 (sales at an undervalue) is to be disregarded.
(5)This paragraph is subject to sections 63(5) and 68 of CAA 2001.
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