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Capital Allowances Act 2001

Section 211: Single asset pool etc.

774.This section is based on section 80(3), (4), (5) and (7) of CAA 1990. It sets up a single asset pool for qualifying expenditure on plant or machinery when a partial depreciation subsidy is paid.

775.Subsections (3) and (4) apply if the expenditure has already been allocated to a pool, and not previously been subject to a partial depreciation subsidy. When the subsidy is paid, there is a special disposal event and a single asset pool is set up. This is a disposal event in addition to those listed in section 61(1). The disposal value will be market value, as derived from the Table in section 61.

776.Subsection (5) stops there being a disposal event if:

  • there is a change in the subsidy; and

  • the expenditure is already in a single asset pool under this Chapter.

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