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Capital Allowances Act 2001

Section 380: When balancing adjustments are made

1309.This section is based on section 128(1) of CAA 1990. It provides for balancing allowances and charges for agricultural buildings allowances if there is:

  • qualifying expenditure; and

  • a balancing event in the writing-down period.

1310.A balancing adjustment allowance or charge is made for the chargeable period in which the balancing event occurs, to or on the person who has the relevant interest in relation to the qualifying expenditure prior to the balancing event.

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