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Legislation
Capital Allowances Act 2001

Chapter 7 Supplementary provisions

  • Section 432 Giving effect to allowances and charges
  • Section 433 Treatment of demolition costs
  • Section 434 Time when expenditure incurred
  • Section 435 Shares in assets
  • Section 436 Meaning of “development” etc.
  1. Chapter 7 · Supplementary provisions
  2. Shares in assets

Section 435 | Shares in assets

From legislation.gov.uk

(1)This Part applies in relation to a share in an asset as it applies (under section 571) in relation to a part of an asset.

(2)For the purposes of those provisions, a share in an asset is treated as used for the purposes of a trade so long as, and only so long as, the asset is used for the purposes of the trade.

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