s 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— Disposal values: fixtures (2) The condition referred to in item 2 of the Table is met by the purchaser if— (a) the purchaser’s expenditure on the provision of the fixture cannot be qualifying expenditure under this Part or Part 6 (research and development allowances), or (b) the purchaser is a dual resident investing company which is connected with the former owner. (3) Items 1 and 5 of the Table are subject to sections 198 and 199 (election to fix apportionment on sale of qualifying interest or grant of lease). (4) Section 192(3) (assignee of equipment lessee) applies in relation to item 8 of the Table. (4A) Section 192A(3)(assignee of client) applies in relation to item 8B of the Table. (5) Nothing in sections 188 to 192A or this section prevents a disposal value having to be brought into account under Chapter 5 because of a disposal event not dealt with in these sections. (6) This section is subject to section 197.