47 Wasting assets qualifying for capital allowances
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

47  Wasting assets qualifying for capital allowances

(1)     Section 46 shall not apply in relation to a disposal of an asset—

(a)     which, from the beginning of the period of ownership of the person making the disposal to the time when the disposal is made, is used and used solely for the purposes of a trade, profession or vocation and in respect of which that person has claimed or could have claimed any capital allowance in respect of any expenditure attributable to the asset under paragraph (a) or paragraph (b) of

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