Part 11 Contributions
Chapter 2 Contribution allowances
Contribution allowances under F3Parts 2 to 4 and 5
Annotations:
Amendments (Textual)
537 Conditions for contribution allowances under F1Parts 2 to 4 and 5
1
This section gives general conditions for making contribution allowances under F2Parts 2 to 4 and 5 .
2
The general conditions are that—
a
a person (“C”) has contributed a capital sum to expenditure on the provision of an asset,
b
the expenditure would (ignoring section 532(1))—
i
have been regarded as wholly incurred by another person (“R”), and
ii
if R is not a public body, have entitled R to allowances under Part 2, 3, 4 or 5 or to allocate the expenditure to a pool under Part 2, and
c
C and R are not connected persons.
3
In this section “public body” means the Crown or any public or local authority in the United Kingdom.
4
In this Chapter “relevant activity” has the meaning given by section 536(5).
Words in cross-heading substituted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001(c. 9), s. 67, Sch. 19 Pt. 2 para. 3