13 Disposal of assets where SR allowance made
Finance Act 2021 (2021 c 26) | Legislation

13  Disposal of assets where SR allowance made

(1)     This section applies to plant or machinery in respect of which a person incurred SR allowance expenditure in a chargeable period (“the allowance period”) if an SR allowance 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 SR expenditure in respect of it is liable to a balancing charge for the chargeable period in which the event occurs

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