Part 6

Research and development allowances
Chapter 5

Supplementary provisions

Sales: time of cessation of ownership
451
Any reference in this Part to the time when a person ceases to own an asset is to be read, in the case of a sale, as a reference to whichever is the earlier of—
a
the time of completion, and
b
the time when possession is given.
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7