Capital Allowances Act 2001 section 45N

Effect of plant or machinery subsequently being primarily for use outside designated assisted areas

Section 45N provides a clawback mechanism that removes the enhanced first-year allowance under section 45K where plant or machinery originally used in a designated assisted area is subsequently moved or primarily used outside that area within five years.

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.