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Legislation
Capital Allowances Act 2001

Crossheading Miscellaneous and supplementary

  • Section 229 Hire-purchase etc.
  • Section 229A Transfer followed by hire-purchase etc: restrictions on hirer's allowances
  • Section 230 Exception for manufacturers and suppliers
  • Section 231 Adjustments of assessments etc.
  • Section 232 Meaning of connected person
  • Section 233 Additional VAT liabilities and rebates
  1. Miscellaneous and supplementary
  2. Exception for manufacturers and suppliers

Section 230 | Exception for manufacturers and suppliers

From legislation.gov.uk

(1)The restrictions in sections 217 and 218 do not apply in relation to any plant or machinery if—F1

(a)the relevant transaction is within section 213(1)(a) or (b),F1

(b)the case does not fall within section 215, andF1

(c)the conditions in subsection (3) are met.F1

(2)RepealedF2

(3)The conditions are that—

(a)the plant or machinery has never been used before the sale or the making of the contract,

(b)S’s business, or part of S’s business, is the manufacture or supply of plant or machinery of that class, and

(c)the sale is effected or the contract made in the ordinary course of that business.

Notes

  1. F1

    S. 230(1) substituted (with effect in accordance with Sch. 9 para. 9(1)(3) of the amending Act) by Finance Act 2012 (c. 14), Sch. 9 para. 7(2)

  2. F2

    S. 230(2) omitted (with effect in accordance with Sch. 9 para. 9(1)(3) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 9 para. 7(3)

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