Capital Allowances Act 1990 (repealed)
Capital Allowances Act 1990 (repealed) (1990 c. 1)
- Capital Allowances Act 1990 (repealed) (1990 c. 1)
- Part I Industrial Buildings and Structures
- Chapter I Initial Allowances
- 1 Buildings and structures in enterprise zones.
- 2 Transitional relief for regional projects.
- 2A Initial allowances: contracts entered into between October 1992 and November 1993.
- Chapter II Writing-down Allowances, Balancing Allowances and Balancing Charges
- 3 Writing-down allowances.
- 4 Balancing allowances and balancing charges.
- 4A Realisation of capital value.
- 5 Restriction of balancing allowances on sale of industrial buildings or structures.
- 6 Buildings and structures (including hotels) in enterprise zones.
- 7 Other hotels.
- Chapter III Provisions Supplementary to Chapters I and II
- 8 Writing off of expenditure and meaning of “residue of expenditure".
- 9 Manner of making allowances and charges.
- 10 Purchases of buildings and structures.
- 10A Purchases of buildings and structures: special provision for enterprise zones.
- 10B Purchases of buildings and structures in enterprise zones within two years of use.
- 10C Purchases of buildings and structures: allowances under section 2A.
- 10D Arrangements affecting the value of the purchased interest.
- 11 Long leases.
- 12 Expenditure on repair of buildings.
- 13 Expenditure on sites for machinery and plant.
- 14 Sports pavilions.
- 15 Temporary disuse of industrial buildings or structures.
- 15ZA Temporary disuse: manner of making allowances and charges in certain cases.
- 15A Balancing charge after cessation of trade.
- 16 Requisitioned land, holding over of leased land and other special cases.
- 17 Mining structures etc: balancing allowances carried back to earlier chargeable periods.
- 17A Enterprise zones: exclusion of expenditure.
- 18 Definition of “industrial building or structure".
- 19 Meaning of “qualifying hotel".
- 20 Meaning of “the relevant interest".
- 21 Other interpretation of Part I.
- Part II Machinery and Plant
- Chapter I Allowances and Charges: General Provisions
- 22 First-year allowances: transitional relief for regional projects.
- 22A Expenditure of a small or medium-sized enterprise.
- 22AA Expenditure of a small enterprise.
- 22B Withdrawal of first-year allowance on change of use.
- 22C Disclosure of information in connection with first-year allowances.
- 23 Information relating to first-year allowances.
- 24 Writing-down allowances and balancing adjustments.
- 25 Qualifying expenditure.
- 26 The disposal value.
- 27 Professions, employments, vocations etc.
- 28 Investment companies.
- 28A Schedule A cases.
- 29 Furnished holiday lettings.
- Chapter II Ships
- 30 First-year allowances.
- 31 Writing-down allowances.
- 32 Ships not used in the actual trade.
- 33 Exclusion of section 31.
- Balancing charges in respect of ship disposals et ceteralaetc.
- 33A Deferment of balancing charge.
- 33B Amount brought into account in respect of the old ship.
- 33C Reimposition of deferred charge.
- 33D Expenditure to which deferments attributed.
- 33E Qualifying ships.
- 33F Procedural provisions relating to deferred charges.
- Chapter III Expensive Motor Cars
- 34 Writing-down allowances etc.
- 35 Contributions to expenditure, and hiring of cars.
- 36 Definition of “motor car", etc.
- Chapter IV Short-Life Assets
- 37 Election for certain machinery or plant to be treated as short-life assets.
- 38 Assets which cannot be treated as short-life assets.
- Chapter IVA Long-life assets
- Expenditure to which Chapter applies
- 38A Application of Chapter.
- 38B Expenditure excluded from the application of the Chapter.
- 38C Exclusion of Chapter where limit for individuals and partnerships not exceeded.
- 38D Exclusion of Chapter where company’s limit not exceeded.
- Rules applying to expenditure on long-life assets
- 38E Separate pools for expenditure on long-life assets.
- 38F Modifications applying to pools for long-life assets.
- 38G Disposal value of long-life assets.
- Transitional provisions
- 38H Transitional provisions.
- Chapter V Leased Assets and Inexpensive Cars
- 39 Meaning of “qualifying purpose".
- 40 Meaning of “short-term leasing" and “the requisite period".
- 41 Writing-down allowances etc. for leased assets and inexpensive cars.
- 42 Assets leased outside the United Kingdom.
- 43 Joint lessees: new expenditure.
- 44 Further provisions relating to joint lessees in cases involving new expenditure.
- 45 Joint lessees: old expenditure.
- 46 Recovery of excess relief: new expenditure.
- 47 Recovery of excess relief: old expenditure.
- 48 Information relating to allowances made in respect of new expenditure.
- 49 Information relating to allowances made in respect of old expenditure.
- 50 Interpretation of Chapter V.
- Chapter VI Fixtures
- 51 Application and interpretation of Chapter VI.
- 52 Expenditure incurred by holder of interest in land.
- 53 Expenditure incurred by equipment lessor.
- 54 Expenditure included in consideration for acquisition of existing interest in land.
- 55 Expenditure incurred by incoming lessee: transfer of allowances.
- 56 Expenditure incurred by incoming lessee: lessor not entitled to allowances.
- 56A Restriction on duplicate allowances under sections 54 and 56.
- 56B Fixtures on which a former owner had an allowance.
- 56C Fixtures on which an allowance has been given under Part I.
- 56D Fixtures on which an allowance has been given under Part VII.
- 57 Fixtures treated as ceasing to belong to particular persons.
- 58 Equipment lessors: special provisions.
- 59 Disposal value of fixtures in certain cases.
- 59A Disposal values in avoidance cases.
- 59B Election to use alternative apportionment.
- 59C Elections under section 59B: supplemental.
- Chapter VII Miscellaneous Expenditure
- 60 Machinery and plant on hire-purchase etc.
- 60A Machinery and plant on hire-purchase etc.: fixtures.
- 61 Machinery and plant on lease.
- 62 Treatment of demolition costs.
- 62AA Reuse etc. of offshore oil infrastructure
- 62AB Meaning of “decommissioning expenditure” in section 62AA
- 62AC Meaning of “offshore infrastructure” in section 62AA
- 62A Special allowance for decommissioning costs related to offshore machinery or plant.
- 62B Treatment of post-cessation abandonment expenditure related to offshore machinery or plant.
- 63 Mineral extraction.
- 64 Transfers of interests in oil fields.
- 64A Production sharing contracts.
- 65 Partnership using property of a partner.
- 66 Building alterations connected with installation of machinery or plant.
- 67 Expenditure on thermal insulation.
- 67A Computer software.
- 68 Exclusion of certain expenditure relating to films, tapes and discs.
- 69 Expenditure on fire safety.
- 70 Expenditure on safety at sports grounds.
- 71 Security.
- 72 Security: supplementary.
- Chapter VIII Supplementary Provisions
- 73 Manner of making allowances and charges.
- 74 Allowances not available: expenses of MPs and others.
- 75 Further restrictions on allowances.
- 76 Extension of section 75.
- 76A Special provision for finance lease cases.
- 76B Special provision for sale and leaseback cases.
- 77 Successions to trades: connected persons.
- 78 Succession to trades where no election made under section 77.
- 79 Effect of use partly for trade etc. and partly for other purposes.
- 79A Reduction in qualifying use.
- 80 Effect of subsidies towards wear and tear.
- 81 Effect of use after user not attracting capital allowances, or after receipt by way of gift.
- 82 Capital expenditure to which this Part does not apply.
- 82A Meaning of “finance lease”.
- 83 Other interpretative provisions.
- Part III Dwelling-houses Let on Assured Tenancies
- 84 Application of Part III.
- 85 Writing-down allowances.
- 86 Qualifying dwelling-houses.
- 87 Balancing allowances and charges and withdrawal of initial allowances in certain cases.
- 88 Dwelling-houses not continuously qualifying dwelling-houses.
- 89 Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house.
- 90 Writing off of expenditure and meaning of “residue of expenditure".
- 91 Buildings bought unused.
- 92 Manner of making allowances and charges.
- 93 Repairs, and double allowances.
- 94 Holding over by lessees, etc.
- 95 The relevant interest.
- 96 The appropriate capital expenditure.
- 97 Interpretation.
- Part IV Mineral Extraction
- Chapter I Allowances and Charges
- 98 Writing-down and balancing allowances.
- 99 Disposal receipts.
- 100 Balancing charges: excess of allowances etc. over expenditure.
- 101 Occasions of balancing allowances.
- 102 Treatment of qualifying expenditure on mineral exploration and access.
- 103 Demolition costs.
- 104 Manner of making allowances and charges.
- Chapter II Qualifying Expenditure
- 105 General provisions.
- 106 Pre-trading expenditure on machinery or plant which is sold etc.
- 107 Pre-trading exploration expenditure.
- 108 Contributions by mining concerns to public services etc. outside the United Kingdom.
- 109 Restoration expenditure.
- Chapter III Limitations on Qualifying Expenditure etc.
- 110 Expenditure on the acquisition of land.
- 111 Reduction of qualifying expenditure for premium relief.
- 112 Restriction of disposal receipts.
- 113 Assets formerly owned by traders.
- 114 Assets previously acquired.
- 115 Expenditure partly attributable to mineral exploration and access.
- 116 Oil licences etc.
- 117 Transfer of mineral assets within a group.
- 118 Assets formerly owned by non-traders.
- 118A Disposals of oil licences relating to undeveloped areas.
- Chapter IV Supplementary Provisions
- 119 Transitional provisions relating to old expenditure.
- 120 Time when expenditure is incurred.
- 121 Interpretation of Part IV.
- Part V Agricultural Buildings etc.
- Chapter I Agriculture
- 122 Allowances for expenditure incurred before 1st April 1986.
- 123 Allowances for expenditure incurred after 31st March 1986.
- 124 Expenditure qualifying for allowances.
- 124A Initial allowances: contracts entered into between October 1992 and November 1993.
- 124B Restriction on writing-down allowance where initial allowance made.
- 125 Meaning of “major interest" and “the relevant interest".
- 126 Transfers of relevant interest.
- 127 Buildings etc. bought unused.
- 127A Purchases of buildings and structures: cases involving initial allowances.
- 128 Balancing allowances and charges.
- 129 Balancing events.
- 130 Restriction of balancing allowances on sale of buildings.
- Chapter II Forestry
- 131 Forestry: transitional provisions.
- Chapter III Supplemental
- 132 Manner of making allowances and charges.
- 133 Interpretation of Part V.
- Part VI Dredging
- 134 Allowances for expenditure on dredging.
- 135 Interpretation of Part VI.
- Part VII Scientific Research
- 136 Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc.
- 137 Allowances for capital expenditure on scientific research.
- 138 Assets ceasing to belong to traders.
- 138A Disposal of oil licences etc.
- 138B Disposal of oil licences: election for alternative tax treatment.
- 139 Supplemental.
- Part VIII Supplementary Provisions
- 140 Income tax allowances and charges in taxing a trade etc.
- 141 Other income tax allowances.
- 142 Restriction of set-off of allowances against general income.
- 143 Tax agreements.
- 144 Corporation tax allowances and charges in taxing a trade.
- 145 Other corporation tax allowances.
- 145A Corporation tax allowances: claims.
- 146 Writing-down allowances under Parts V and VI.
- 147 Exclusion of double allowances.
- 148 Double allowances: transitional provisions.
- 149 Companies not resident in the United Kingdom.
- 150 Apportionment of consideration, and exchanges and surrenders of leasehold interests.
- 151 Procedure on apportionments.
- 152 Succession to trades etc.
- 152A Insurance companies: transfers of business.
- 152B Transfer of a UK trade.
- 153 Subsidies, contributions etc.
- 154 Allowances in respect of contributions to capital expenditure.
- 155 Further provisions relating to capital contributions.
- 156 Meaning of “sale, insurance, salvage or compensation moneys".
- 157 Sales between connected persons etc.
- 158 Further provisions relating to sales without change of control or between connected persons.
- 159 Capital expenditure, capital sums and time when capital expenditure is incurred.
- 159A Additional VAT liabilities and rebates.
- 160 Meaning of “period of account”.
- 161 Other interpretative provisions.
- 162 Application to Scotland.
- 163 Continuity and construction of enactments etc.
- 164 Commencement, amendments and repeals.
- 165 Short title.
- SCHEDULES
- SCHEDULE AA1 Exclusions from expenditure on machinery or plant
- Buildings
- Structures, assets and works
- Land
- General exemptions
- Interpretation
- SCHEDULE A1 Corporation Tax Allowances: Claims
- Introductory
- Time limits
- Method of making claim
- Nature of claim
- Adjustments
- SCHEDULE 1 Consequential amendments
- Taxes Management Act 1970 c. 10
- Social Security Act 1975 c. 14
- Social Security (Northern Ireland) Act 1975 c. 15
- Capital Gains Tax Act 1979 c. 14
- Finance Act 1982 c. 39
- London Regional Transport Act 1984 c. 32
- Films Act 1985 c. 21
- Trustee Savings Bank Act 1985 c. 58
- Income and Corporation Taxes Act 1988 c. 1
- Finance Act 1988 c. 39
- Finance Act 1989 c. 26
- Electricity Act 1989 c. 29
- SCHEDULE 2 Repeals
- CAPITAL ALLOWANCES ACT 1990 TABLE OF DERIVATIONS Note:The following abbreviations are used in this Table:—
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