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Legislation
Capital Allowances Act 2001

Crossheading Restrictions on allowances

  • Section 214 Connected persons
  • Section 215 Transactions to obtain tax advantages
  • Section 216 Sale and leaseback, etc.
  • Section 217 No annual investment allowance or first-year allowance for B’s expenditure
  • Section 218 Restriction on B’s qualifying expenditure: section 214 or 216
  • Section 218ZA Restrictions on writing-down allowances: section 215
  • Section 218ZB Disposal values: section 215
  • Section 218A Further restriction on annual investment allowance
  1. Restrictions on allowances
  2. Connected persons

Section 214 | Connected persons

From legislation.gov.uk

Allowances under this Part are restricted under sections 217 and 218 (or, as the case may be, 218ZA(3)) if—F1

(a)B enters into a relevant transaction with S, and

(b)B and S are connected with each other.

Notes

  1. F1

    Words in s. 214 inserted (with effect in accordance with Sch. 9 para. 9(1)(3) of the amending Act) by Finance Act 2012 (c. 14), Sch. 9 para. 3

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