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Legislation
Capital Allowances Act 2001

Crossheading Anti-avoidance

  • Section 241 No annual investment allowance or first-year allowance in respect of additional VAT liability
  • Section 242 Restriction on B’s qualifying expenditure: general
  • Section 243 Restriction on B’s qualifying expenditure: sale and finance leaseback
  • Section 244 B’s qualifying expenditure if lessor not bearing non-compliance risk
  • Section 245 Effect of election under section 227 on additional VAT liability
  • Section 246 Miscellaneous
  1. Anti-avoidance
  2. Miscellaneous

Section 246 | Miscellaneous

From legislation.gov.uk

(1)All such assessments and adjustments of assessments are to be made as are necessary to give effect to sections 241 to 245.

(2)Section 232 (meaning of connected person) applies for the purposes of sections 242 and 243.

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