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Capital Allowances Act 2001

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Section 200: Elections under section 198 and 199: supplementary

720.This section is based on section 59B(5) and 59C(6) and part of section 59C(3) of CAA 1990. It provides additional rules that apply to elections under either of the previous two sections.

721.Subsection (2) ensures that an election overrides any apportionment made under sections 562 to 563.

722.Subsection (4) provides for cases in which, after an election is made, circumstances arise which have the effect of reducing the maximum amount that may be fixed under the election (under either section 198(3) or 199(3)). If the reduced value is less than the amount specified by the election, then the election is treated as having specified the lower amount.

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