63 Cases in which disposal value is nil
Capital Allowances Act 2001 (2001 c 2) | Legislation

63  Cases in which disposal value is nil

(1)     If a person disposes of plant or machinery by way of gift in circumstances such that there is a charge to tax under [ITEPA 2003], the disposal value of the plant or machinery is nil.

(2)     If a person carrying on a relevant qualifying activity makes a gift of plant or machinery used in the course of the activity—

(a)     to a [charitable trust

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