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Capital Allowances Act 2001

Section 14: Use for qualifying activity of plant or machinery which is a gift

123.This section is based on section 81 of CAA 1990. It contains rules for plant or machinery that was gifted to the person carrying on the qualifying activity.

124.The section is similar to section 13. The plant or machinery received as a gift comes in at market value.

125.There is no equivalent of the anti-avoidance rules in section 13(4) and (5).

126.The anti-avoidance rule in section 81(3) of CAA 1990 has been moved to Chapter 17 of Part 2 – see section 213(3).

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