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Capital Allowances Act 2001

Section 229: Hire-purchases etc.

826.This section is based on sections 25(6) and 60(2A) of CAA 1990. It provides special rules for hire-purchase and similar contracts for this Chapter.

827.Paragraph 351 above mentioned provisions to make sure the disposal value introduced in section 68 does not disadvantage a person to whom the contract is assigned in a transaction within this Chapter. These are those special provisions. They provide, in summary, that the disposal value for the purposes of this Chapter only is what it would have been if:

  • there had been an ordinary hire-purchase or similar contract; and

  • the plant or machinery had been brought into use.

See Change 27 in Annex 1.

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