Part 11

Contributions
Chapter 2

Contribution allowances

Contribution allowances under Parts 2, 2A, 3, 4 and 5

Mineral extraction
541
1
This section is about contribution allowances under Part 5 and applies if—
a
the general conditions for contribution allowances are met, and
b
C’s contribution is made for the purposes of a trade carried on, or to be carried on, by C.
2
C is to be treated for the purposes of allowances under Part 5 as if—
a
the contribution were expenditure incurred by C on the provision, for the purposes of C’s trade, of an asset similar to that provided by means of C’s contribution, and
b
the asset were at all material times in use for the purposes of C’s trade.
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
Words in s. 537(1) cross-heading substituted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 5; S.I. 2007/949, art. 2
Word in s. 537 cross-heading inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 3(10)(d)