Capital Allowances Act 2001 section 228

Effect of election: relaxation of restriction on B's qualifying expenditure, etc

Section 228 sets out the consequences for both buyer and seller when a joint election is made under section 227 in relation to a sale and leaseback transaction involving new and unused plant or machinery.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.