http://www.legislation.gov.uk/ukpga/2001/2/section/262/notesMineral extraction, mining, quarryingLegislationLegal servicesTaxCapital expenditureExplanatory Notes to Capital Allowances Act 2001Inland RevenueKing's Printer of Acts of Parliament2018-08-24
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2001/2" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2001" Number="0002">Capital Allowances Act 2001</Citation>
2
22nd March 2001
Commentary on SectionsGlossary<CitationSubRef id="c00119" URI="http://www.legislation.gov.uk/id/ukpga/2001/2/part/2" CitationRef="c00001" SectionRef="part-2">Part 2</CitationSubRef>: Plant and machinery allowances<CitationSubRef id="c01497" URI="http://www.legislation.gov.uk/id/ukpga/2001/2/chapter/19" CitationRef="c00001" SectionRef="chapter-19">Chapter 19</CitationSubRef>: Giving effect to allowances and charges
<CitationSubRef id="c01548" URI="http://www.legislation.gov.uk/id/ukpga/2001/2/section/262" CitationRef="c00001" SectionRef="section-262">Section 262</CitationSubRef>: Employments and offices
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This section is based on section 27(1) and 140(4) of CAA 1990. It gives effect to allowances and charges in terms of deductions from emoluments and emoluments. This is in place of the terms “receipt” and “expense” in section 140 of CAA 1990. Those terms do not fit employees and office-holders. See Note 41 in Annex 2.