Part 12 Supplementary provisions

Chapter 5 Miscellaneous

Procedure for determining certain questions

564 Questions to which procedure in section 563 applies

(1)

Section 563 applies in relation to the determination for the purposes of any of Parts F13A to 11 or this Part of any question about the way in which a sum is to be apportioned.

(2)

Section 563 applies in relation to any determination of the market value of property for the purposes of—

(a)

any provision of Part 2 (plant and machinery allowances),

(b)

section 423 (mineral extraction allowances: amount of disposal value to be brought into account),

(c)

section 559 (effect of successions),

(d)

section 568 or 569 (sales treated as being for alternative amount), or

(e)

section 573 (transfers treated as sales).

F2(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

If section 561 (F3transfer or division of UK business) applies, section 563 applies—

(a)

for the purposes of the tax of both company A and company B referred to in that section, and

(b)

in relation to the determination of any question of apportionment of expenditure under section 561(3).