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Capital Allowances Act 2001

Section 357: Arrangements having an artificial effect on pricing

1210.This section is based on sections 10D and 151(1A) of CAA 1990. It deals with arrangements which have an artificial effect on pricing.

1211.Subsection (1) is directed at the sale of a relevant interest at an artificially inflated price. In order to determine qualifying expenditure that price is, broadly speaking, reduced to what it would have been in the absence of the arrangements which had an artificial effect.

1212.Subsection (2) deals similarly with the proceeds from a sale at an artificially inflated price.

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