Capital Allowances Act 2001 s 381

s 381 Balancing events (on making an election)

(1) Any event described in subsection (2) is a balancing event, but only if an election is made in accordance with section 382 for it to be treated as such. (2) The events are— (a) the relevant interest is acquired as mentioned in section 375; (b) the agricultural building is demolished or destroyed; (c) the agricultural building ceases altogether to be used (without being demolished or destroyed).

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