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Capital Allowances Act 2001

Capital Allowances Act 2001

2001 CHAPTER 2

Commentary on Sections

Glossary

Part 2: Plant and machinery allowances
Chapter 12: Ships
Sections 135 and 136: Claims and conditions for deferment

526.These sections are based on parts of sections 33A(1) and (2) and 33F(1) and (2). They provide the conditions that need to be met if a person is to defer a balancing charge.

527.This Act has nothing corresponding to:

  • section 33F(3) of CAA 1990. That provides for claims to be made under the deferment rules on or after 31 May 1996; and

  • section 33A(2)(b) of CAA 1990. That provides that there can be no deferment if any of the limits on the amount deferred is nil. It is unnecessary as the deferment of nil would have no effect.

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