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Legislation
Capital Allowances Act 2001

Crossheading Additional VAT liability

  • Section 235 Additional VAT liability treated as qualifying expenditure
  • Section 236 Additional VAT liability generates first-year allowance or annual investment allowance
  • Section 237 Exceptions to section 236
  1. Additional VAT liability
  2. Exceptions to section 236

Section 237 | Exceptions to section 236

From legislation.gov.uk

(1)An additional VAT liability is not AIA qualifying expenditure or first-year qualifying expenditure if at the time when the liability is incurred the plant or machinery is used for overseas leasing which is not protected leasing.F1

(2)RepealedF2

Notes

  1. F1

    Words in s. 237(1) inserted (with effect in accordance with Sch. 24 para. 23 of the amending Act) by Finance Act 2008 (c. 9), Sch. 24 para. 11

  2. F2

    S. 237(2) omitted (21.7.2008) by virtue of Finance Act 2008 (c. 9), s. 76(5)(e) (with s. 76(7)(8))

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