http://www.legislation.gov.uk/id/ukpga/2002/29/schedule/10

SCHEDULES

SCHEDULE 10Tax

Part 2 Provisions relating to Part 5

Capital Allowances

I123

1

If a compensating payment is made to the transferor, the proceeds from the balancing event are the amount of the payment.

2

Otherwise, the proceeds from the balancing event are the amount which is equal to the residue of qualifying expenditure immediately before the transfer.