Section 825A | Deemed disposal event

(1)Subsection (2) applies to a care business pool for a relevant chargeable period of a relevant individual if the previous chargeable period was not a relevant chargeable period.

(2)CAA 2001 is to apply as if—

(a)a disposal event occurs immediately after the beginning of the relevant chargeable period in respect of plant or machinery in the pool,

(b)disposal receipts fall to be brought into account in the pool for the period because of that event, and

(c)the total of the receipts equals the sum of amount A and amount B (or nil if there are no such amounts).

(3)Amount A is the amount of any expenditure treated as allocated to the pool for the period by virtue of section 825 (whether or not any of it is actually so allocated).

(4)Amount B is the amount of any unrelieved qualifying expenditure carried forward in the pool from the previous chargeable period.