Section 398G | Transfers into and out of A

(1)Section 948 does not apply where A is the predecessor or the successor.

(2)Repealed

(3)If any event occurs that requires A to bring the disposal value of plant or machinery into account under Part 2 of CAA 2001, that Part has effect as if the disposal value that A is required to bring into account were the higher of—

(a)the disposal value determined in accordance with that Part, and

(b)the ascribed value of the plant or machinery.

(4)Section 265 of CAA 2001 (successions) is subject to this section.