Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Capital Allowances Act 2001

Crossheading Calculation of balancing adjustments

  • Section 385 Calculation of balancing adjustment
  • Section 386 The residue of qualifying expenditure
  • Section 387 Overall limit on balancing charge
  • Section 388 Acquisition of relevant interest in part of land, etc.
  • Section 389 Balancing allowances restricted where sale subject to subordinate interest etc.
  • Section 390 Interpretation of section 389
  1. Calculation of balancing adjustments
  2. Overall limit on balancing charge

Section 387 | Overall limit on balancing charge

From legislation.gov.uk

The amount of a balancing charge made on a person in respect of any qualifying expenditure must not exceed the total allowances made under this Part to the person in respect of the expenditure for chargeable periods ending before that in which the balancing event occurs.F1

Notes

  1. F1

    Pt. 4 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)

PreviousNext
PrivacyTerms