LegalizeCapital Allowances Act 1990 (repealed)
Part I — Industrial Buildings and Structures
Chapter I — Initial Allowances
Buildings and structures in enterprise zones
1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transitional relief for regional projects
2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter II — Writing-down Allowances, Balancing Allowances and Balancing Charges
Writing-down allowances
3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing allowances and balancing charges
4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of balancing allowances on sale of industrial buildings or structures
5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings and structures (including hotels) in enterprise zones
6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other hotels
7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter III — Provisions Supplementary to Chapters I and II
Writing off of expenditure and meaning of “residue of expenditure”
8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manner of making allowances and charges
9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases of buildings and structures
10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long leases
11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on repair of buildings
12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on sites for machinery and plant
13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sports pavilions
14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Temporary disuse of industrial buildings or structures
15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Requisitioned land, holding over of leased land and other special cases
16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mining structures etc: balancing allowances carried back to earlier chargeable periods
17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Definition of “industrial building or structure”
18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “qualifying hotel”
19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “the relevant interest”
20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other interpretation of Part I
21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II — Machinery and Plant
Chapter I — Allowances and Charges: General Provisions
First-year allowances: transitional relief for regional projects
22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information relating to first-year allowances
23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances and balancing adjustments
24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying expenditure
25
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The disposal value
26
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Professions, employments, vocations etc
27
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment companies and life assurance companies
28
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Furnished holiday lettings
29
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter II — Ships
First-year allowances
30
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances
31
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ships not used in the actual trade
32
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of section 31
33
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter III — Expensive Motor Cars
Writing-down allowances etc
34
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions to expenditure, and hiring of cars
35
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Definition of “motor car”, etc
36
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter IV — Short-Life Assets
Election for certain machinery or plant to be treated as short-life assets
37
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets which cannot be treated as short-life assets
38
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter V — Leased Assets and Inexpensive Cars
Meaning of “qualifying purpose”
39
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “short-term leasing” and “the requisite period”
40
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances etc. for leased assets and inexpensive cars
41
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets leased outside the United Kingdom
42
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Joint lessees: new expenditure
43
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Further provisions relating to joint lessees in cases involving new expenditure
44
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Joint lessees: old expenditure
45
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recovery of excess relief: new expenditure
46
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recovery of excess relief: old expenditure
47
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information relating to allowances made in respect of new expenditure
48
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information relating to allowances made in respect of old expenditure
49
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Chapter V
50
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter VI — Fixtures
Application and interpretation of Chapter VI
51
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by holder of interest in land
52
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by equipment lessor
53
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure included in consideration for acquisition of existing interest in land
54
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by incoming lessee: transfer of allowances
55
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure incurred by incoming lessee: lessor not entitled to allowances
56
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixtures treated as ceasing to belong to particular persons
57
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equipment lessors: special provisions
58
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal value of fixtures in certain cases
59
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter VII — Miscellaneous Expenditure
Machinery and plant on hire-purchase etc
60
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and plant on lease
61
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of demolition costs
62
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mineral extraction
63
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers of interests in oil fields
64
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Partnership using property of a partner
65
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Building alterations connected with installation of machinery or plant
66
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on thermal insulation
67
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exclusion of certain expenditure relating to films, tapes and discs
68
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on fire safety
69
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure on safety at sports grounds
70
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Security
71
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Security: supplementary
72
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter VIII — Supplementary Provisions
Manner of making allowances and charges
73
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances not available: expenses of Members of Parliament
74
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Further restrictions on allowances
75
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extension of section 75
76
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Successions to trades: connected persons
77
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Succession to trades where no election made under section 77
78
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of use partly for trade etc. and partly for other purposes
79
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of subsidies towards wear and tear
80
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of use after user not attracting capital allowances, or after receipt by way of gift
81
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital expenditure to which this Part does not apply
82
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other interpretative provisions
83
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part III — Dwelling-houses Let on Assured Tenancies
Application of Part III
84
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing-down allowances
85
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying dwelling-houses
86
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing allowances and charges and withdrawal of initial allowances in certain cases
87
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dwelling-houses not continuously qualifying dwelling-houses
88
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house
89
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Writing off of expenditure and meaning of “residue of expenditure”
90
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings bought unused
91
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manner of making allowances and charges
92
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs, and double allowances
93
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Holding over by lessees, etc
94
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The relevant interest
95
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The appropriate capital expenditure
96
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation
97
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part IV — Mineral Extraction
Chapter I — Allowances and Charges
Writing-down and balancing allowances
98
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposal receipts
99
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing charges: excess of allowances etc. over expenditure
100
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Occasions of balancing allowances
101
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of qualifying expenditure on mineral exploration and access
102
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Demolition costs
103
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manner of making allowances and charges
104
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter II — Qualifying Expenditure
General provisions
105
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pre-trading expenditure on machinery or plant which is sold etc
106
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pre-trading exploration expenditure
107
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions by mining concerns to public services etc. outside the United Kingdom
108
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restoration expenditure
109
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter III — Limitations on Qualifying Expenditure etc.
Expenditure on the acquisition of land
110
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reduction of qualifying expenditure for premium relief
111
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of disposal receipts
112
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets formerly owned by traders
113
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets previously acquired
114
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure partly attributable to mineral exploration and access
115
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Oil licences etc
116
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfer of mineral assets within a group
117
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets formerly owned by non-traders
118
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter IV — Supplementary Provisions
Transitional provisions relating to old expenditure
119
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Time when expenditure is incurred
120
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part IV
121
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part V — Agricultural Buildings etc.
Chapter I — Agriculture
Allowances for expenditure incurred before 1st April 1986
122
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances for expenditure incurred after 31st March 1986
123
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenditure qualifying for allowances
124
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “major interest” and “the relevant interest”
125
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers of relevant interest
126
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings etc. bought unused
127
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing allowances and charges
128
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balancing events
129
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of balancing allowances on sale of buildings
130
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter II — Forestry
Forestry: transitional provisions
131
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chapter III — Supplemental
Manner of making allowances and charges
132
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part V
133
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part VI — Dredging
Allowances for expenditure on dredging
134
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part VI
135
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part VII — Scientific Research
Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc
136
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowances for capital expenditure on scientific research
137
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assets ceasing to belong to traders
138
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplemental
139
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part VIII — Supplementary Provisions
Income tax allowances and charges in taxing a trade etc
140
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income tax allowances
141
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction of set-off of allowances against general income
142
Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.