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2001 c. 2

Capital Allowances Act 2001 (2001 c. 2)

Act Β· In force Β· Enacted 22 March 2001 Β· 1,171 sections

An Act to restate, with minor changes, certain enactments relating to capital allowances.

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This instrument is too large to display on one page. It is divided into the parts below; open a part to read its sections, each of which links to its full text.

Part 1 β€” Introductions 1–s 10 Β· 16 sectionsChapter 1 β€” Capital allowances: generals 1–s 6 Β· 7 sectionsCHAPTER 1A β€” Trades attracting Northern Ireland rate of corporation taxs 6A–s 6E Β· 5 sectionsChapter 2 β€” Exclusion of double reliefs 7–s 10 Β· 4 sectionsPart 2 β€” Plant and machinery allowancess 11–s 270 Β· 449 sectionsChapter 1 β€” Introductions 11–s 14 Β· 6 sectionsChapter 2 β€” Qualifying activitiess 15–s 20 Β· 8 sectionsChapter 3 β€” Qualifying expenditures 21–s 38 Β· 21 sections
Buildings, structures and lands 21–s 25 Β· 5 sections
Demolition costss 26 Β· 1 section
Expenditure on thermal insulation and personal securitys 27–s 33 Β· 7 sections
Expenditure on integral featuress 33A–s 33B Β· 2 sections
Exclusion of certain types of expenditures 34–s 38 Β· 6 sections
Chapter 3A β€” AIA qualifying expenditures 38A–s 38B Β· 2 sections
Chapter 3 β€” Qualifying expenditures 38ZA Β· 1 section
Exclusion of certain types of expenditures 38ZA Β· 1 section
Chapter 4 β€” First-year qualifying expenditures 39–s 51 Β· 37 sections
Generals 39 Β· 1 section
Types of expenditure which may qualify for first-year allowancess 40–s 46 Β· 31 sections
Expenditure of small or medium-sized enterprisess 47–s 49 Β· 3 sections
Supplementarys 50–s 51 Β· 2 sections
Chapter 5 β€” Allowances and chargess 51A–s 66E Β· 42 sections
Annual investment allowances 51A–s 51JA Β· 15 sections
First-year allowancess 52 Β· 1 section
Prevention of double reliefs 52A Β· 1 section
Poolings 53–s 54 Β· 2 sections
Writing-down and balancing allowances and balancing chargess 55–s 56A Β· 3 sections
Available qualifying expenditures 57–s 59 Β· 3 sections
Special balancing charge in cases of full expensing etcs 59A–s 59C Β· 3 sections
Disposal events and disposal values: generals 60–s 64A Β· 7 sections
The final chargeable periods 65 Β· 1 section
List of provisions outside this Chapter about disposal valuess 66 Β· 1 section
Application of Chapter to person leaving cash basiss 66A Β· 1 section
Effect of changes in Northern Ireland status of SME company or SME partnerships 66B–s 66E Β· 4 sections
Chapter 6 β€” Hire-purchase etc. and plant or machinery provided by lessees 67–s 70E Β· 9 sections
Hire-purchase and similar contractss 67–s 69 Β· 3 sections
Plant or machinery provided by lessees 70 Β· 1 section
Lessees under long funding leasess 70A–s 70E Β· 5 sections
Chapter 6A β€” Interpretation of provisions about long funding leasess 70F–s 70Y Β· 20 sections
Introductorys 70F Β· 1 section
Meaning of β€œlong funding lease” etcs 70G–s 70J Β· 4 sections
Meaning of β€œplant or machinery lease”s 70K–s 70M Β· 3 sections
The tests for being a funding leases 70N–s 70P Β· 3 sections
Leases excluded by right of lessor etc to claim capital allowancess 70Q Β· 1 section
Excluded leases of background plant or machinery for a buildings 70R–s 70T Β· 3 sections
Exclusion for certain plant or machinery leased with lands 70U Β· 1 section
Avoidances 70V Β· 1 section
Transfers, assignments, novations, leaseback, variations etcs 70W–s 70Y Β· 3 sections
Chapter 6 β€” Hire-purchase etc. and plant or machinery provided by lessees 70DA Β· 1 section
Lessees under long funding leasess 70DA Β· 1 section
Chapter 6A β€” Interpretation of provisions about long funding leasess 70YA–s 70YJ Β· 10 sections
Transfers, assignments, novations, leaseback, variations etcs 70YA–s 70YD Β· 4 sections
Interpretations 70YE–s 70YJ Β· 6 sections
Chapter 7 β€” Computer softwares 71–s 73 Β· 3 sectionsChapter 8 β€” Cars, etc.s 74–s 82 Β· 9 sections
Cars above the cost thresholds 74–s 79 Β· 6 sections
Vehicles provided for purposes of employment or offices 80 Β· 1 section
Interpretations 81–s 82 Β· 2 sections
Chapter 9 β€” Short-life assetss 83–s 89 Β· 7 sectionsChapter 10 β€” Long-life assetss 90–s 104 Β· 15 sections
Long-life asset expenditures 90–s 92 Β· 3 sections
Expenditure excluded from being long-life asset expenditures 93–s 100 Β· 8 sections
Rules applying to long-life asset expenditures 101–s 102 Β· 2 sections
Anti-avoidance provisionss 103–s 104 Β· 2 sections
Chapter 10A β€” Special rate expenditures 104A–s 104AA Β· 8 sections
Special rate expenditures 104A–s 104B Β· 2 sections
Rules applying to special rate expenditures 104C–s 104G Β· 5 sections
Special rate expenditures 104AA Β· 1 section
Chapter 11 β€” Overseas leasings 105–s 126 Β· 22 sections
Basic termss 105–s 106 Β· 2 sections
Certain expenditure to be pooleds 107–s 108 Β· 2 sections
Allowances reduced or, in certain cases, prohibiteds 109–s 110 Β· 2 sections
Recovery of excess allowancess 111–s 113 Β· 3 sections
Recovery of allowances given in cases where prohibition appliess 114–s 115 Β· 2 sections
Application of Chapter in relation to joint lesseess 116–s 117 Β· 2 sections
Duties to supply informations 118–s 120 Β· 3 sections
Qualifying purposess 121–s 125 Β· 5 sections
Minor definitionss 126 Β· 1 section
Chapter 12 β€” Shipss 127–s 158 Β· 32 sections
Pooling and postponement of allowancess 127–s 133 Β· 7 sections
Deferment of balancing chargess 134–s 139 Β· 6 sections
Attribution of deferred amountss 140–s 145 Β· 6 sections
Expenditure on new shippings 146–s 150 Β· 5 sections
Qualifying shipss 151–s 154 Β· 4 sections
Deferment of balancing charges: supplementary provisionss 155–s 156 Β· 2 sections
Further provisionss 157–s 158 Β· 2 sections
Chapter 13 β€” Provisions affecting mining and oil industriess 159–s 171 Β· 23 sections
Expenditure connected with mineral extraction tradess 159–s 161 Β· 3 sections
Expenditure connected with reuse etc. of offshore oil infrastructures 161A–s 161D Β· 4 sections
Provisions relating to ring fence tradess 162–s 165 Β· 5 sections
Restrictions on allowances: anti-avoidances 165A–s 165E Β· 5 sections
Transfers of interests in oil fields: anti-avoidances 166 Β· 1 section
Oil production sharing contractss 167–s 171 Β· 5 sections
Chapter 14 β€” Fixturess 172–s 204 Β· 43 sections
Introductions 172–s 175A Β· 6 sections
Persons who are treated as owners of fixturess 176–s 184 Β· 11 sections
Restrictions on amount of qualifying expenditures 185–s 187B Β· 6 sections
Cessation of ownership of fixturess 188–s 192A Β· 6 sections
Acquisition of ownership of fixture when another ceases to own its 193–s 195B Β· 5 sections
Disposal valuess 196–s 197 Β· 2 sections
Election to fix apportionments 198–s 201 Β· 4 sections
Further provisionss 202–s 204 Β· 3 sections
Chapter 15 β€” Asset provided or used only partly for qualifying activitys 205–s 208A Β· 5 sectionsChapter 16 β€” Partial depreciation subsidiess 209–s 212 Β· 4 sectionsChapter 16A β€” Restrictions on allowance buyings 212A–s 212S Β· 19 sections
Introductions 212A–s 212B Β· 2 sections
Qualifying changes 212C–s 212I Β· 7 sections
Relevant excess of allowancess 212J–s 212L Β· 3 sections
Unallowable purposes 212M Β· 1 section
What happens when Chapter appliess 212N–s 212S Β· 6 sections
CHAPTER 16B β€” Cap on first-year allowances ...s 212T–s 212U Β· 2 sections
Chapter 16A β€” Restrictions on allowance buyings 212LA Β· 1 section
Limiting conditionss 212LA Β· 1 section
CHAPTER 16ZA β€” Asset provided or used only partly for NI rate activitys 212ZA–s 212ZF Β· 6 sections
Chapter 17 β€” Other anti-avoidances 213–s 233 Β· 40 sections
Relevant transactionss 213 Β· 1 section
Restrictions on allowancess 214–s 218ZB Β· 8 sections
Finance leases and certain operating leasess 219–s 220 Β· 2 sections
Sale and finance leasebackss 221–s 226 Β· 6 sections
Sale and leaseback: election for special treatments 227–s 228 Β· 2 sections
Finance leaseback: parties' income and profitss 228A–s 228J Β· 9 sections
Disposal of plant or machinery subject to lease where income retaineds 228K–s 228MC Β· 6 sections
Miscellaneous and supplementarys 229–s 233 Β· 6 sections
Chapter 18 β€” Additional VAT liabilities and rebatess 234–s 246 Β· 13 sections
Introductions 234 Β· 1 section
Additional VAT liabilitys 235–s 237 Β· 3 sections
Additional VAT rebates 238–s 239 Β· 2 sections
Short-life assets: balancing allowances 240 Β· 1 section
Anti-avoidances 241–s 246 Β· 6 sections
Chapter 19 β€” Giving effect to allowances and chargess 247–s 262A Β· 19 sections
Tradess 247 Β· 1 section
Property businessess 248–s 250A Β· 4 sections
Activities analogous to tradess 251–s 252 Β· 2 sections
Companies with investment businesss 253 Β· 1 section
Long-term businesss 254–s 257 Β· 4 sections
Special leasing of plant or machinerys 258–s 261A Β· 5 sections
Employments and officess 262 Β· 1 section
First-year tax creditss 262A Β· 1 section
Chapter 20 β€” Supplementary provisionss 262AA–s 270 Β· 21 sections
Co-ownership ... contractual schemess 262AA–s 262AEA Β· 7 sections
Partnerships and successionss 263–s 268 Β· 7 sections
Cars etcs 268A–s 268E Β· 5 sections
Miscellaneouss 269–s 270 Β· 2 sections
PART 2A β€” STRUCTURES AND BUILDINGS ALLOWANCESs 270AA–s 270BNC Β· 58 sectionsCHAPTER 1 β€” INTRODUCTIONs 270AA–s 270AB Β· 2 sectionsCHAPTER 2 β€” QUALIFYING EXPENDITUREs 270BA–s 270BN Β· 14 sections
Meaning of β€œqualifying expenditure”s 270BA Β· 1 section
Qualifying expenditure incurred on constructions 270BB Β· 1 section
Qualifying expenditure incurred on purchases 270BC–s 270BF Β· 4 sections
Excluded expenditures 270BG–s 270BI Β· 3 sections
Expenditure treated as expenditure on constructions 270BJ–s 270BK Β· 2 sections
Supplementary provision about expenditures 270BL–s 270BN Β· 3 sections
CHAPTER 3 β€” QUALIFYING USE AND QUALIFYING ACTIVITIESs 270CA–s 270CG Β· 7 sections
Qualifying activitiess 270CA–s 270CD Β· 4 sections
Qualifying uses 270CE–s 270CG Β· 3 sections
CHAPTER 4 β€” THE RELEVANT INTEREST IN THE BUILDING OR STRUCTUREs 270DA–s 270DE Β· 5 sectionsCHAPTER 5 β€” CALCULATING THE ALLOWANCE: SUPPLEMENTARY PROVISIONs 270EA–s 270EC Β· 3 sectionsCHAPTER 6 β€” HIGHWAY UNDERTAKINGSs 270FA–s 270FC Β· 3 sectionsCHAPTER 7 β€” ADDITIONAL VAT LIABILITIES AND REBATESs 270GA–s 270GC Β· 3 sections
Introductions 270GA Β· 1 section
Additional VAT liabilitiess 270GB Β· 1 section
Additional VAT rebatess 270GC Β· 1 section
CHAPTER 7A β€” Adjustment for pre-April 2020 allowances 270GD Β· 1 sectionCHAPTER 8 β€” GIVING EFFECT TO ALLOWANCESs 270HA–s 270HI Β· 9 sections
Tradess 270HA Β· 1 section
Property businessess 270HB Β· 1 section
Activities analogous to tradess 270HC–s 270HD Β· 2 sections
Companies with investment businesss 270HE Β· 1 section
Long-term businesss 270HF–s 270HI Β· 4 sections
CHAPTER 9 β€” SUPPLEMENTARY PROVISIONSs 270IA–s 270IH Β· 8 sections
Evidence of qualifying expenditure etcs 270IA Β· 1 section
Anti-avoidances 270IB Β· 1 section
Co-ownership ... contractual schemess 270IC–s 270IF Β· 4 sections
Leasess 270IG–s 270IH Β· 2 sections
CHAPTER 2A β€” special tax site qualifying expenditures 270BNA–s 270BNC Β· 3 sectionsPart 3 β€” Industrial buildings allowancess 271–s 360 Β· 91 sectionsChapter 1 β€” Introductions 271–s 273 Β· 3 sectionsChapter 2 β€” Industrial buildingss 274–s 285 Β· 12 sections
Buildings in use for the purposes of a qualifying trades 274–s 278 Β· 5 sections
Qualifying hotels and sports pavilionss 279–s 280 Β· 2 sections
Commercial buildings (enterprise zones)s 281 Β· 1 section
Supplementary provisionss 282–s 285 Β· 4 sections
Chapter 3 β€” The relevant interest in the buildings 286–s 291 Β· 6 sectionsChapter 4 β€” Qualifying expenditures 292–s 304 Β· 13 sections
Introductions 292–s 293 Β· 2 sections
Qualifying expenditures 294–s 297 Β· 4 sections
Qualifying enterprise zone expenditures 298–s 301 Β· 4 sections
Part of expenditure within time limit for qualifying enterprise zone expenditures 302–s 304 Β· 3 sections
Chapter 5 β€” Initial allowancess 305–s 308 Β· 4 sectionsChapter 6 β€” Writing-down allowancess 309–s 313A Β· 6 sectionsChapter 7 β€” Balancing adjustmentss 314–s 331 Β· 18 sections
Generals 314–s 317 Β· 4 sections
Calculation of balancing adjustmentss 318–s 320 Β· 3 sections
Meaning of β€œthe relevant period of ownership” etc.s 321–s 324 Β· 4 sections
Balancing allowances restricted where sale subject to subordinate interests 325–s 326 Β· 2 sections
Qualifying enterprise zone expenditure: effect of realising capital values 327–s 331 Β· 5 sections
Chapter 8 β€” Writing off qualifying expenditures 332–s 340 Β· 9 sectionsChapter 9 β€” Highway undertakingss 341–s 344 Β· 4 sectionsChapter 10 β€” Additional VAT liabilities and rebatess 345–s 351 Β· 7 sections
Introductions 345 Β· 1 section
Additional VAT liabilitiess 346–s 348 Β· 3 sections
Additional VAT rebatess 349–s 351 Β· 3 sections
Chapter 11 β€” Giving effect to allowances and chargess 352–s 355 Β· 4 sectionsChapter 12 β€” Supplementary provisionss 356–s 360 Β· 5 sectionsPart 3A β€” Business Premises Renovation Allowancess 360A–s 360BA Β· 31 sectionsChapter 1 β€” INTRODUCTIONs 360A Β· 1 sectionChapter 2 β€” QUALIFYING EXPENDITUREs 360B Β· 1 sectionChapter 3 β€” QUALIFYING BUILDINGS AND QUALIFYING BUSINESS PREMISESs 360C–s 360D Β· 2 sectionsChapter 4 β€” THE RELEVANT INTEREST IN THE QUALIFYING BUILDINGs 360E–s 360F Β· 2 sectionsChapter 5 β€” INITIAL ALLOWANCESs 360G–s 360H Β· 2 sectionsChapter 6 β€” WRITING-DOWN ALLOWANCESs 360I–s 360K Β· 3 sectionsChapter 7 β€” GRANTS IN RESPECT OF QUALIFYING EXPENDITUREs 360L Β· 1 sectionChapter 8 β€” BALANCING ADJUSTMENTSs 360M–s 360P Β· 4 sectionsChapter 9 β€” WRITING OFF QUALIFYING EXPENDITUREs 360Q–s 360S Β· 3 sectionsChapter 10 β€” ADDITIONAL VAT LIABILITIES AND REBATESs 360T–s 360Y Β· 6 sectionsChapter 11 β€” SUPPLEMENTARY PROVISIONSs 360Z–s 360Z4 Β· 5 sections
Chapter 2 β€” QUALIFYING EXPENDITUREs 360BA Β· 1 section
Part 4 β€” Agricultural buildings allowancess 361–s 393 Β· 33 sectionsChapter 1 β€” Introductions 361–s 363 Β· 3 sectionsChapter 2 β€” The relevant interests 364–s 368 Β· 5 sectionsChapter 3 β€” Qualifying expenditures 369–s 371 Β· 3 sectionsChapter 4 β€” Writing-down allowancess 372–s 379 Β· 8 sectionsChapter 5 β€” Balancing adjustmentss 380–s 390 Β· 11 sections
Generals 380–s 384 Β· 5 sections
Calculation of balancing adjustmentss 385–s 390 Β· 6 sections
Chapter 6 β€” Supplementary provisionss 391–s 393 Β· 3 sections
Giving effect to allowances and chargess 391–s 392 Β· 2 sections
Meaning of β€œfreehold interest”, β€œlease” etc.s 393 Β· 1 section
Part 4A β€” FLAT CONVERSION ALLOWANCESs 393A–s 393W Β· 23 sectionsChapter 1 β€” INTRODUCTIONs 393A Β· 1 sectionChapter 2 β€” QUALIFYING EXPENDITUREs 393B Β· 1 sectionChapter 3 β€” QUALIFYING BUILDINGS AND QUALIFYING FLATSs 393C–s 393E Β· 3 sectionsChapter 4 β€” THE RELEVANT INTEREST IN THE FLATs 393F–s 393G Β· 2 sectionsChapter 5 β€” INITIAL ALLOWANCESs 393H–s 393I Β· 2 sectionsChapter 6 β€” WRITING-DOWN ALLOWANCESs 393J–s 393L Β· 3 sectionsChapter 7 β€” BALANCING ADJUSTMENTSs 393M–s 393P Β· 4 sectionsChapter 8 β€” WRITING OFF QUALIFYING EXPENDITUREs 393Q–s 393S Β· 3 sectionsChapter 9 β€” SUPPLEMENTARY PROVISIONSs 393T–s 393W Β· 4 sectionsPart 5 β€” Mineral extraction allowancess 394–s 436 Β· 58 sectionsChapter 1 β€” Introductions 394–s 399 Β· 6 sectionsChapter 2 β€” Qualifying expenditure on mineral exploration and accesss 400–s 402 Β· 3 sectionsChapter 3 β€” Qualifying expenditure on acquiring a mineral assets 403–s 406 Β· 4 sectionsChapter 4 β€” Qualifying expenditure: second-hand assetss 407–s 413 Β· 7 sections
Assets reflecting expenditure on mineral exploration and accesss 407–s 409 Β· 3 sections
Qualifying expenditure on assets limited by reference to historic costss 410–s 413 Β· 4 sections
Chapter 5 β€” Other kinds of qualifying expenditures 414–s 416 Β· 3 sectionsChapter 5A β€” First-year qualifying expenditures 416A–s 416C Β· 3 sections
Generals 416A Β· 1 section
Types of expenditure which may qualify for first year allowancess 416B Β· 1 section
Supplementarys 416C Β· 1 section
Chapter 6 β€” Allowances and chargess 416D–s 416E Β· 2 sections
First-year allowancess 416D–s 416E Β· 2 sections
Chapter 5 β€” Other kinds of qualifying expenditures 416ZA–s 416ZE Β· 5 sections
Chapter 6 β€” Allowances and chargess 417–s 431D Β· 20 sections
Writing-down and balancing allowances and balancing chargess 417–s 418 Β· 2 sections
Unrelieved qualifying expenditures 419–s 419A Β· 2 sections
Disposal valuess 420–s 425 Β· 6 sections
Cases in which a person is entitled to a balancing allowances 426–s 431D Β· 10 sections
Chapter 7 β€” Supplementary provisionss 432–s 436 Β· 5 sectionsPart 6 β€” Research and development allowancess 437–s 451 Β· 16 sectionsChapter 1 β€” Introductions 437–s 438 Β· 2 sectionsChapter 2 β€” Qualifying expenditures 439–s 440 Β· 3 sectionsChapter 3 β€” Allowances and chargess 441–s 445 Β· 5 sectionsChapter 4 β€” Additional VAT liabilities and rebatess 446–s 449 Β· 4 sectionsChapter 5 β€” Supplementary provisionss 450–s 451 Β· 2 sectionsPart 7 β€” Know-how allowancess 452–s 463 Β· 14 sectionsChapter 1 β€” Introductions 452–s 453 Β· 2 sectionsChapter 2 β€” Qualifying expenditures 454–s 455 Β· 2 sectionsChapter 3 β€” Allowances and chargess 456–s 463 Β· 10 sectionsPart 8 β€” Patent allowancess 464–s 483 Β· 22 sectionsChapter 1 β€” Introductions 464–s 466 Β· 3 sectionsChapter 2 β€” Qualifying expenditures 467–s 469 Β· 3 sectionsChapter 3 β€” Allowances and chargess 470–s 477A Β· 10 sectionsChapter 4 β€” Giving effect to allowances and chargess 478–s 480 Β· 3 sectionsChapter 5 β€” Supplementary provisionss 481–s 483 Β· 3 sectionsPart 9 β€” Dredging allowancess 484–s 489 Β· 6 sections
Qualifying expenditure on dredging, etc.s 484–s 486 Β· 3 sections
Writing-down and balancing allowancess 487–s 488 Β· 2 sections
Giving effect to allowancess 489 Β· 1 section
Part 10 β€” Assured tenancy allowancess 490–s 531 Β· 42 sectionsChapter 1 β€” Introductions 490–s 493 Β· 4 sectionsChapter 2 β€” The relevant interests 494–s 500 Β· 7 sections
Introductions 494 Β· 1 section
The relevant interest in the buildings 495–s 499 Β· 5 sections
The relevant interest in the dwelling-houses 500 Β· 1 section
Chapter 3 β€” Qualifying expenditures 501–s 503 Β· 3 sectionsChapter 4 β€” Qualifying dwelling-housess 504–s 506 Β· 3 sectionsChapter 5 β€” Writing-down allowancess 507–s 512 Β· 6 sections
Entitlement to and calculation of writing-down allowancess 507–s 510 Β· 4 sections
Interpretations 511–s 512 Β· 2 sections
Chapter 6 β€” Balancing adjustmentss 513–s 522 Β· 10 sections
Generals 513–s 515 Β· 3 sections
Calculation of balancing adjustmentss 516–s 519 Β· 4 sections
Meaning of β€œthe relevant period of ownership” etc.s 520–s 522 Β· 3 sections
Chapter 7 β€” Writing off qualifying expenditure attributable to dwelling-houses 523–s 528 Β· 6 sectionsChapter 8 β€” Supplementary provisionss 529–s 531 Β· 3 sectionsPart 11 β€” Contributionss 532–s 543 Β· 13 sectionsChapter 1 β€” Exclusion of expenditure met by contributionss 532–s 536 Β· 5 sections
Rules excluding contributionss 532–s 533 Β· 2 sections
Exceptions to the general rule excluding contributionss 534–s 536 Β· 3 sections
Chapter 2 β€” Contribution allowancess 537–s 543 Β· 8 sections
Contribution allowances under Parts 2 , 2A , 3, 4 and 5s 537–s 541 Β· 6 sections
Effect of transfers of C’s trade on contribution allowances under Parts 3, 4 and 5s 542 Β· 1 section
Contribution allowances under Part 9s 543 Β· 1 section
Part 12 β€” Supplementary provisionss 544–s 581 Β· 44 sectionsChapter 1 β€” LONG-TERM businesss 544–s 545 Β· 2 sectionsChapter 2 β€” Additional VAT liabilities and rebates: interpretation, etc.s 546–s 551 Β· 6 sectionsChapter 3 β€” Disposals of oil licences: provisions relating to Parts 5 and 6s 552–s 556 Β· 5 sections
Introductions 552 Β· 1 section
Oil licences relating to undeveloped areass 553–s 554 Β· 2 sections
Disposal of oil licence with exploitation values 555 Β· 1 section
Minor definitionss 556 Β· 1 section
Chapter 4 β€” Partnerships, successions and transferss 557–s 561A Β· 7 sectionsChapter 5 β€” Miscellaneouss 562–s 570A Β· 10 sections
Apportionments 562 Β· 1 section
Procedure for determining certain questionss 563–s 564 Β· 2 sections
Tax agreements for income tax purposess 565 Β· 1 section
Companies not resident in the United Kingdoms 566 Β· 1 section
Sales treated as being for alternative amounts 567–s 570 Β· 4 sections
Anti-avoidances 570A Β· 1 section
Chapter 6 β€” Final provisionss 570B–s 581 Β· 14 sections
Orders and regulationss 570B Β· 1 section
General interpretations 571–s 577 Β· 9 sections
Amendments, repeals, citation etc.s 578–s 581 Β· 4 sections
SchedulesSch A1 para 1–Sch 3 para 117 Β· 255 sections
SCHEDULE A1 β€” First-year tax creditsSch A1 para 1–Sch A1 para 29 Β· 29 sections
Part 1 β€” Entitlement to first-year tax creditsSch A1 para 1–Sch A1 para 17 Β· 17 sections
Entitlement to first-year tax creditsSch A1 para 1 Β· 1 section
Amount of first-year tax creditSch A1 para 2 Β· 1 section
Meaning of β€œrelevant first-year expenditure”Sch A1 para 3 Β· 1 section
Incurring a loss in carrying on a qualifying activitySch A1 para 4–Sch A1 para 9 Β· 6 sections
Unrelieved lossSch A1 para 10–Sch A1 para 16 Β· 7 sections
Total amount of company's PAYE and NICs liabilitiesSch A1 para 17 Β· 1 section
Part 2 β€” Giving effect to first-year tax creditsSch A1 para 18–Sch A1 para 23 Β· 6 sections
Payment in respect of first-year tax creditSch A1 para 18 Β· 1 section
Restriction on losses carried forwardSch A1 para 19–Sch A1 para 22 Β· 4 sections
Payment in respect of first-year tax credit not incomeSch A1 para 23 Β· 1 section
Part 3 β€” Clawback of first-year tax creditSch A1 para 24–Sch A1 para 27 Β· 4 sections
Circumstances in which first-year tax credit clawed backSch A1 para 24 Β· 1 section
InterpretationSch A1 para 25 Β· 1 section
Amount of restored lossSch A1 para 26 Β· 1 section
Clawback of first-year tax credits: administrative provisionSch A1 para 27 Β· 1 section
Part 4 β€” SupplementarySch A1 para 28–Sch A1 para 29 Β· 2 sections
Artificially inflated claimsSch A1 para 28 Β· 1 section
InterpretationSch A1 para 29 Β· 1 section
Schedule 2 β€” Consequential amendmentsSch 2 para 1–Sch 2 para 109 Β· 109 sections
The Taxes Management Act 1970 (c. 9)Sch 2 para 1–Sch 2 para 5 Β· 5 sections
The Finance Act 1982 (c. 39)Sch 2 para 6 Β· 1 section
The London Regional Transport Act 1984 (c. 32)Sch 2 para 7 Β· 1 section
The Films Act 1985 (c. 21)Sch 2 para 8–Sch 2 para 9 Β· 2 sections
The Trustee Savings Banks Act 1985 (c. 58)Sch 2 para 10 Β· 1 section
The Income and Corporation Taxes Act 1988 (c. 1)Sch 2 para 11–Sch 2 para 68 Β· 58 sections
The Finance Act 1988 (c. 39)Sch 2 para 69 Β· 1 section
The Finance Act 1989 (c. 26)Sch 2 para 70 Β· 1 section
The Electricity Act 1989 (c. 29)Sch 2 para 71 Β· 1 section
The Finance Act 1990 (c. 29)Sch 2 para 72 Β· 1 section
The Finance Act 1991 (c. 31)Sch 2 para 73–Sch 2 para 74 Β· 2 sections
The Social Security Contributions and Benefits Act 1992 (c. 4)Sch 2 para 75 Β· 1 section
The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)Sch 2 para 76 Β· 1 section
The Taxation of Chargeable Gains Act 1992 (c. 12)Sch 2 para 77–Sch 2 para 81 Β· 5 sections
The Finance (No. 2) Act 1992 (c. 48)Sch 2 para 82–Sch 2 para 87 Β· 6 sections
The Finance Act 1993 (c. 34)Sch 2 para 88–Sch 2 para 89 Β· 2 sections
The Agriculture Act 1993 (c. 37)Sch 2 para 90 Β· 1 section
The Finance Act 1994 (c. 9)Sch 2 para 91–Sch 2 para 92 Β· 2 sections
The Coal Industry Act 1994 (c. 21)Sch 2 para 93 Β· 1 section
The Atomic Energy Authority Act 1995 (c. 37)Sch 2 para 94 Β· 1 section
The Finance Act 1996 (c. 8)Sch 2 para 95–Sch 2 para 96 Β· 2 sections
The Broadcasting Act 1996 (c. 55)Sch 2 para 97 Β· 1 section
The Finance Act 1997 (c. 16)Sch 2 para 98 Β· 1 section
The Finance (No. 2) Act 1997 (c. 58)Sch 2 para 99 Β· 1 section
The Finance Act 1998 (c. 36)Sch 2 para 100–Sch 2 para 103 Β· 4 sections
The Finance Act 1999 (c. 16)Sch 2 para 104 Β· 1 section
The Greater London Authority Act 1999 (c. 29)Sch 2 para 105 Β· 1 section
The Finance Act 2000 (c. 17)Sch 2 para 106–Sch 2 para 108 Β· 3 sections
The Transport Act 2000 (c. 38)Sch 2 para 109 Β· 1 section
Schedule 3 β€” Transitionals and savingsSch 3 para 1–Sch 3 para 117 Β· 117 sectionsPart 1 β€” Continuity of the lawSch 3 para 1–Sch 3 para 7 Β· 7 sectionsPart 2 β€” Changes in the lawSch 3 para 8 Β· 1 sectionPart 3 β€” GeneralSch 3 para 9–Sch 3 para 10 Β· 2 sections
Capital expenditureSch 3 para 9 Β· 1 section
Exclusion of double reliefSch 3 para 10 Β· 1 section
Part 4 β€” Plant and machinery allowancesSch 3 para 11–Sch 3 para 55 Β· 45 sections
IntroductionSch 3 para 11–Sch 3 para 12 Β· 2 sections
Qualifying expenditureSch 3 para 13 Β· 1 section
First-year qualifying expenditureSch 3 para 14 Β· 1 section
Hire-purchase and similar contractsSch 3 para 15–Sch 3 para 17 Β· 3 sections
Computer softwareSch 3 para 18 Β· 1 section
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Sch 3 para 19 Β· 1 section
Long-life assetsSch 3 para 20 Β· 1 section
Overseas leasingSch 3 para 21–Sch 3 para 23 Β· 3 sections
Ships: deferments etc.Sch 3 para 24 Β· 1 section
Mining and oil industriesSch 3 para 25–Sch 3 para 28 Β· 4 sections
FixturesSch 3 para 29–Sch 3 para 41 Β· 13 sections
Assets provided or used only partly for qualifying activitySch 3 para 42 Β· 1 section
Anti-avoidanceSch 3 para 43–Sch 3 para 45 Β· 3 sections
Additional VAT liabilities and rebatesSch 3 para 46–Sch 3 para 51 Β· 6 sections
Supplementary provisionsSch 3 para 52–Sch 3 para 53 Β· 2 sections
GeneralSch 3 para 54–Sch 3 para 55 Β· 2 sections
Part 5 β€” Industrial buildings allowancesSch 3 para 56–Sch 3 para 79 Β· 24 sections
Industrial buildingsSch 3 para 56–Sch 3 para 59 Β· 4 sections
Qualifying expenditureSch 3 para 60–Sch 3 para 63 Β· 4 sections
Initial allowancesSch 3 para 64–Sch 3 para 65 Β· 2 sections
Writing-down allowancesSch 3 para 66–Sch 3 para 67 Β· 2 sections
Balancing adjustmentsSch 3 para 68–Sch 3 para 71 Β· 4 sections
Writing off qualifying expenditureSch 3 para 72–Sch 3 para 73 Β· 2 sections
Highway undertakingsSch 3 para 74 Β· 1 section
Additional VAT liabilities and rebatesSch 3 para 75–Sch 3 para 77 Β· 3 sections
Supplementary provisionsSch 3 para 78 Β· 1 section
GeneralSch 3 para 79 Β· 1 section
Part 6 β€” Agricultural buildings allowancesSch 3 para 80–Sch 3 para 83 Β· 4 sectionsPart 7 β€” Mineral extraction allowancesSch 3 para 84–Sch 3 para 88 Β· 5 sections
Qualifying expenditure on acquiring a mineral assetSch 3 para 84 Β· 1 section
Qualifying expenditure: second-hand assetsSch 3 para 85–Sch 3 para 88 Β· 4 sections
Part 8 β€” Research and development allowancesSch 3 para 89–Sch 3 para 91 Β· 3 sectionsPart 9 β€” Patent allowancesSch 3 para 92–Sch 3 para 102 Β· 11 sections
Expenditure incurred before 1st April 1986Sch 3 para 92–Sch 3 para 101 Β· 10 sections
Supplementary provisionsSch 3 para 102 Β· 1 section
Part 10 β€” Dredging allowancesSch 3 para 103–Sch 3 para 105 Β· 3 sectionsPart 11 β€” ContributionsSch 3 para 106–Sch 3 para 110 Β· 5 sectionsPart 12 β€” SupplementalSch 3 para 111–Sch 3 para 112 Β· 2 sectionsPart 13 β€” Other enactmentsSch 3 para 113–Sch 3 para 117 Β· 5 sections

Cite this legislation

Official citation
2001 c. 2
Source
legislation.gov.uk
Data synced
Licence
OGL-3 β†—

Capital Allowances Act 2001 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/ukpga-2001-2

This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.

View on legislation.gov.uk β†—

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Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).

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