Capital Allowances Act 2001 section 343

Balancing adjustment on ending of concession

Section 343 deals with what happens for capital allowances purposes when a highway concession comes to an end, triggering a balancing adjustment.

• When a highway concession that constitutes the relevant interest comes to an end, this is treated as a balancing event for capital allowances purposes
• The balancing event only arises if the concession genuinely ends and is not treated as having been extended
• The proceeds of the balancing event are any insurance money received by the concession holder relating to qualifying expenditure
• Any other compensation received in the form of capital sums also counts as proceeds of the balancing event