Capital Allowances Act 1990 (repealed) Part I Industrial Buildings and Structures Chapter I Initial Allowances Buildings and structures in enterprise zones. 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transitional relief for regional projects. 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Initial allowances: contracts entered into between October 1992 and November 1993. 2A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter II Writing-down Allowances, Balancing Allowances and Balancing Charges Writing-down allowances. 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing allowances and balancing charges. 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Realisation of capital value. 4A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restriction of balancing allowances on sale of industrial buildings or structures. 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Buildings and structures (including hotels) in enterprise zones. 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other hotels. 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter III Provisions Supplementary to Chapters I and II Writing off of expenditure and meaning of “residue of expenditure". 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Manner of making allowances and charges. 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases of buildings and structures. 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases of buildings and structures: special provision for enterprise zones. 10A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases of buildings and structures in enterprise zones within two years of use. 10B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases of buildings and structures: allowances under section 2A. 10C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Arrangements affecting the value of the purchased interest. 10D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long leases. 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure on repair of buildings. 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure on sites for machinery and plant. 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sports pavilions. 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Temporary disuse of industrial buildings or structures. 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Temporary disuse: manner of making allowances and charges in certain cases. 15ZA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing charge after cessation of trade. 15A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Requisitioned land, holding over of leased land and other special cases. 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mining structures etc : balancing allowances carried back to earlier chargeable periods. 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enterprise zones: exclusion of expenditure. 17A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Definition of “industrial building or structure". 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “qualifying hotel". 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “the relevant interest". 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other interpretation of Part I. 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part II Machinery and Plant Chapter I Allowances and Charges: General Provisions First-year allowances: transitional relief for regional projects. 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure of a small or medium-sized enterprise. 22A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure of a small enterprise. 22AA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Withdrawal of first-year allowance on change of use. 22B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disclosure of information in connection with first-year allowances. 22C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information relating to first-year allowances. 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Writing-down allowances and balancing adjustments. 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Qualifying expenditure. 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The disposal value. 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Professions, employments, vocations etc. 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investment companies. 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule A cases. 28A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Furnished holiday lettings. 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter II Ships First-year allowances. 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Writing-down allowances. 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ships not used in the actual trade. 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exclusion of section 31. 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing charges in respect of ship disposals et ceteralaetc. Deferment of balancing charge. 33A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount brought into account in respect of the old ship. 33B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reimposition of deferred charge. 33C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure to which deferments attributed. 33D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Qualifying ships. 33E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Procedural provisions relating to deferred charges. 33F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter III Expensive Motor Cars Writing-down allowances etc. 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contributions to expenditure, and hiring of cars. 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Definition of “motor car", etc. 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter IV Short-Life Assets Election for certain machinery or plant to be treated as short-life assets. 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets which cannot be treated as short-life assets. 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter IVA Long-life assets Expenditure to which Chapter applies Application of Chapter. 38A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure excluded from the application of the Chapter. 38B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exclusion of Chapter where limit for individuals and partnerships not exceeded. 38C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exclusion of Chapter where company’s limit not exceeded. 38D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rules applying to expenditure on long-life assets Separate pools for expenditure on long-life assets. 38E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Modifications applying to pools for long-life assets. 38F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposal value of long-life assets. 38G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transitional provisions Transitional provisions. 38H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter V Leased Assets and Inexpensive Cars Meaning of “qualifying purpose". 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “short-term leasing" and “the requisite period". 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Writing-down allowances etc. for leased assets and inexpensive cars. 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets leased outside the United Kingdom. 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Joint lessees: new expenditure. 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Further provisions relating to joint lessees in cases involving new expenditure. 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Joint lessees: old expenditure. 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recovery of excess relief: new expenditure. 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recovery of excess relief: old expenditure. 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information relating to allowances made in respect of new expenditure. 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information relating to allowances made in respect of old expenditure. 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation of Chapter V. 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter VI Fixtures Application and interpretation of Chapter VI. 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure incurred by holder of interest in land. 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure incurred by equipment lessor. 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure included in consideration for acquisition of existing interest in land. 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure incurred by incoming lessee: transfer of allowances. 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure incurred by incoming lessee: lessor not entitled to allowances. 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restriction on duplicate allowances under sections 54 and 56. 56A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fixtures on which a former owner had an allowance. 56B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fixtures on which an allowance has been given under Part I. 56C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fixtures on which an allowance has been given under Part VII. 56D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fixtures treated as ceasing to belong to particular persons. 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Equipment lessors: special provisions. 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposal value of fixtures in certain cases. 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposal values in avoidance cases. 59A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Election to use alternative apportionment. 59B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Elections under section 59B: supplemental. 59C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter VII Miscellaneous Expenditure Machinery and plant on hire-purchase etc. 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Machinery and plant on hire-purchase etc.: fixtures. 60A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Machinery and plant on lease. 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Treatment of demolition costs. 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reuse etc. of offshore oil infrastructure 62AA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “decommissioning expenditure” in section 62AA 62AB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “offshore infrastructure” in section 62AA 62AC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Special allowance for decommissioning costs related to offshore machinery or plant. 62A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Treatment of post-cessation abandonment expenditure related to offshore machinery or plant. 62B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mineral extraction. 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfers of interests in oil fields. 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Production sharing contracts. 64A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Partnership using property of a partner. 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Building alterations connected with installation of machinery or plant. 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure on thermal insulation. 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Computer software. 67A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exclusion of certain expenditure relating to films, tapes and discs. 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure on fire safety. 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure on safety at sports grounds. 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Security. 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Security: supplementary. 72 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter VIII Supplementary Provisions Manner of making allowances and charges. 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Allowances not available: expenses of MPs and others. 74 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Further restrictions on allowances. 75 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extension of section 75. 76 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Special provision for finance lease cases. 76A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Special provision for sale and leaseback cases. 76B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Successions to trades: connected persons. 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Succession to trades where no election made under section 77. 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Effect of use partly for trade etc. and partly for other purposes. 79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reduction in qualifying use. 79A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Effect of subsidies towards wear and tear. 80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Effect of use after user not attracting capital allowances, or after receipt by way of gift. 81 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital expenditure to which this Part does not apply. 82 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “finance lease”. 82A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other interpretative provisions. 83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part III Dwelling-houses Let on Assured Tenancies Application of Part III. 84 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Writing-down allowances. 85 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Qualifying dwelling-houses. 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing allowances and charges and withdrawal of initial allowances in certain cases. 87 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dwelling-houses not continuously qualifying dwelling-houses. 88 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house. 89 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Writing off of expenditure and meaning of “residue of expenditure". 90 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Buildings bought unused. 91 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Manner of making allowances and charges. 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repairs, and double allowances. 93 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Holding over by lessees, etc. 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The relevant interest. 95 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The appropriate capital expenditure. 96 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation. 97 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part IV Mineral Extraction Chapter I Allowances and Charges Writing-down and balancing allowances. 98 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposal receipts. 99 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing charges: excess of allowances etc. over expenditure. 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Occasions of balancing allowances. 101 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Treatment of qualifying expenditure on mineral exploration and access. 102 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Demolition costs. 103 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Manner of making allowances and charges. 104 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter II Qualifying Expenditure General provisions. 105 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pre-trading expenditure on machinery or plant which is sold etc. 106 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pre-trading exploration expenditure. 107 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contributions by mining concerns to public services etc. outside the United Kingdom. 108 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restoration expenditure. 109 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter III Limitations on Qualifying Expenditure etc. Expenditure on the acquisition of land. 110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reduction of qualifying expenditure for premium relief. 111 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restriction of disposal receipts. 112 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets formerly owned by traders. 113 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets previously acquired. 114 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure partly attributable to mineral exploration and access. 115 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Oil licences etc. 116 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfer of mineral assets within a group. 117 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets formerly owned by non-traders. 118 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposals of oil licences relating to undeveloped areas. 118A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter IV Supplementary Provisions Transitional provisions relating to old expenditure. 119 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time when expenditure is incurred. 120 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation of Part IV. 121 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part V Agricultural Buildings etc. Chapter I Agriculture Allowances for expenditure incurred before 1st April 1986. 122 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Allowances for expenditure incurred after 31st March 1986. 123 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenditure qualifying for allowances. 124 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Initial allowances: contracts entered into between October 1992 and November 1993. 124A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restriction on writing-down allowance where initial allowance made. 124B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “major interest" and “the relevant interest". 125 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfers of relevant interest. 126 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Buildings etc. bought unused. 127 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases of buildings and structures: cases involving initial allowances. 127A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing allowances and charges. 128 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balancing events. 129 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restriction of balancing allowances on sale of buildings. 130 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter II Forestry Forestry: transitional provisions. 131 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter III Supplemental Manner of making allowances and charges. 132 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation of Part V. 133 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part VI Dredging Allowances for expenditure on dredging. 134 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation of Part VI. 135 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part VII Scientific Research Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc. 136 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Allowances for capital expenditure on scientific research. 137 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets ceasing to belong to traders. 138 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposal of oil licences etc. 138A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disposal of oil licences: election for alternative tax treatment. 138B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supplemental. 139 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part VIII Supplementary Provisions Income tax allowances and charges in taxing a trade etc. 140 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other income tax allowances. 141 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Restriction of set-off of allowances against general income. 142 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tax agreements. 143 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Corporation tax allowances and charges in taxing a trade. 144 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other corporation tax allowances. 145 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Corporation tax allowances: claims. 145A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Writing-down allowances under Parts V and VI. 146 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exclusion of double allowances. 147 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Double allowances: transitional provisions. 148 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Companies not resident in the United Kingdom. 149 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Apportionment of consideration, and exchanges and surrenders of leasehold interests. 150 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Procedure on apportionments. 151 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Succession to trades etc. 152 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Insurance companies: transfers of business. 152A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfer of a UK trade. 152B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subsidies, contributions etc. 153 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Allowances in respect of contributions to capital expenditure. 154 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Further provisions relating to capital contributions. 155 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “sale, insurance, salvage or compensation moneys". 156 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sales between connected persons etc. 157 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Further provisions relating to sales without change of control or between connected persons. 158 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital expenditure, capital sums and time when capital expenditure is incurred. 159 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Additional VAT liabilities and rebates. 159A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “period of account”. 160 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other interpretative provisions. 161 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Application to Scotland. 162 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Continuity and construction of enactments etc. 163 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commencement, amendments and repeals. 164 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short title. 165 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .