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Capital Allowances Act 2001

Section 569: Election to treat sale as being for alternative amount

1973.This section is based on section 158 of CAA 1990. It provides for an election to be made by connected persons to substitute the alternative amount for the market value of an asset given by section 568 if the control test is met but the tax advantage test is not.

1974.Subsection (2) makes clear this is subject to section 570 which prevents an election in some circumstances.

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