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Capital Allowances Act 2001

Section 206: Single asset pool etc.

752.This section is based on section 79(2), (3) and (4) of CAA 1990. It provides for single asset pools for all expenditure incurred partly for the purposes of the qualifying activity and partly for other purposes.

753.Subsections (1) and (2) set up the single asset pool.

754.Subsection (3) sets up a single asset pool when any expenditure already in a pool starts to be use partly for purposes other than those of the qualifying activity. The plant or machinery will previously have been used wholly for the purposes of the qualifying activity. This subsection picks up the consequences of the disposal event in section 61(1)(e). The value of the disposal event will be market value, derived from the Table in section 61.

755.Subsection (4) disapplies section 61(1)(e) for expenditure already in a single asset pool under this Chapter.

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