12 Disposal of assets where super-deduction made
Finance Act 2021 (2021 c 26) | Legislation

12  Disposal of assets where super-deduction made

(1)     This section applies to plant or machinery in respect of which a person incurred super-deduction expenditure if a super-deduction was made in respect of some or all of that expenditure.

(2)     Where a disposal event occurs in relation to plant or machinery to which this section applies, the person who incurred relevant super-deduction expenditure in respect of it is liable to a balancing charge for the chargeable period in which the event occurs (whether or not the person is also liable to any other balancing charge for that period).

(3)     The amount of the balancing charge is, subject to subsection (6), the relevant proportion of the disposal value of the

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