Part 2

Plant and machinery allowances
Chapter 9

Short-life assets

Sales at under-value
88
If—
a
a short-life asset is disposed of at less than market value,
b
the disposal is not one in respect of which an election is made under section 89(6), and
c
there is no charge to tax under Schedule E,
the disposal value to be brought into account for the purposes of Chapter 5 is the market value of the asset.