Capital Allowances Act 2001 Schedule 3 paragraph 11

Use for qualifying activity of plant or machinery provided for other purposes

Schedule 3, paragraph 11 provides a transitional rule disapplying certain provisions of section 13 where plant or machinery was brought into use before 21st March 2000.

• Section 13 deals with plant or machinery originally provided for non-qualifying purposes that is later used for a qualifying activity
• Subsections (4) and (5) of section 13 impose specific rules about the value or treatment of such plant or machinery when it begins to be used for a qualifying activity
• These subsections do not apply if the plant or machinery was first brought into use before 21st March 2000
• For plant or machinery brought into use before that date, the earlier rules continue to govern how the asset is brought into the capital allowances regime