Explanatory Notes

Capital Allowances Act 2001

2001 CHAPTER 2

22nd March 2001

Commentary on Sections

Glossary

Part 5: Mineral extraction allowances
Chapter 6: Allowances and charges
Section 425: Receipt of capital sum

1470.This section is based on section 99(4) of CAA 1990. It requires capital sums, reasonably attributable to qualifying expenditure, to be brought into account as disposal values.

1471.Subsection (3) stops a capital sum from being taken into account twice.