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Capital Allowances Act 2001

Section 433: Treatment of demolition costs

1482.This section is based on sections 103 and 161(2) of CAA 1990. It allows net demolition costs to be added to the qualifying expenditure concerned in calculating the balancing allowance or balancing charge arising on the demolition of an asset representing qualifying expenditure.

1483.Subsection (3) stops the cost of demolition from being relieved more than once.

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