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Legislation
Corporation Tax Act 2010

Crossheading Capital allowances: clawback of major lump sum

  • Section 917 Effect of capital allowances: introduction
  • Section 918 Cases where expenditure taken into account under Part 2, 5 or 8 of CAA 2001
  • Section 919 Cases where expenditure taken into account under other provisions of CAA 2001
  • Section 920 Capital allowances deductions: waste disposal and cemeteries
  • Section 921 Capital allowances deductions: films
  • Section 922 Contributors to capital expenditure
  1. Capital allowances: clawback of major lump sum
  2. Capital allowances deductions: waste disposal and cemeteries

Section 920 | Capital allowances deductions: waste disposal and cemeteries

From legislation.gov.uk

(1)This section applies if any deduction is or has been allowed to the current lessor (“L”) in respect of capital expenditure incurred in connection with the leased asset as a result of—

(a)section 142 or 145 of CTA 2009 (preparation and restoration expenditure in relation to waste disposal site), or

(b)section 147 of that Act (cemeteries and memorial gardens: deduction for capital expenditure).

(2)L is treated as if trading receipts arose to L from the trade in question on the relevant occasion.

(3)The amount of those receipts is equal to the lesser of—

(a)the amount or value of the major lump sum, and

(b)the deductions previously allowed.

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