Part 5

Group relief
Chapter 3

Surrenders made by non-UK resident company resident or trading in the EEA

Other rules, assumptions and exclusions

Assumptions in relation to capital allowances
126
1
This section applies if, before the EEA accounting period, the surrendering company incurs capital expenditure on the provision of plant or machinery for the purposes of any activity.
2
For the purposes of Part 2 of CAA 2001 assume that the plant or machinery—
a
was provided for purposes wholly other than those of the activity, and
b
was not brought into use for the purposes of the activity until the beginning of the EEA accounting period,
and section 13 of CAA 2001 is to apply accordingly.
3
This section is to be read as if contained in Part 2 of CAA 2001.