196 Disposal values in relation to fixtures: general
Capital Allowances Act 2001 (2001 c 2) | Legislation

Disposal values

196  Disposal values in relation to fixtures: general

(1)     The disposal value to be brought into account in relation to a fixture depends on the nature of the disposal event, as shown in the Table—

TABLE
DISPOSAL VALUES: FIXTURES
1 Disposal event2 Disposal value
1 Cessation of ownership of the fixture under section 188 because of a sale of the qualifying interest except where item 2 applies.The part of the sale price that—
(a) falls to be treated for the purposes of this Part as expenditure incurred by the purchaser on the provision of the fixture, or
(b) would fall to be so treated if the purchaser were entitled to an allowance.
2 Cessation of ownership of the fixture under section 188 because of a sale of the qualifying interest where—The part of the price that would be treated for the purposes of this Part as expenditure by the purchaser on the provision of the fixture if—
(a) the sale is at less than market value, and(a) the qualifying interest were sold at market value,
(b) the condition in subsection (2) is met by the purchaser(b) that sale took place
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