Section 825D | Subsequent disposal events

(1)This section applies to an item of plant or machinery which a relevant individual—

(a)is treated by virtue of section 825B as bringing into use, or

(b)brings into use in circumstances where section 825C(2) applies.

(2)The date (in either case) on which the item is brought or treated as brought into such use is referred to in this section as the applicable date.

(3)The first disposal event to occur in respect of the item on or after the applicable date is to be regarded for the purposes of section 60(3) of CAA 2001 as the first such event.

(4)That event requires a disposal value to be brought into account regardless of anything to the contrary in section 64(1) of that Act.

(5)But a reference in section 62 of that Act to the amount of qualifying expenditure incurred by the individual on the provision of that item is a reference to the amount of qualifying expenditure originally incurred by the individual on its provision (and not to any proportion of the total amount treated by virtue of section 825B or 825C as having been incurred).