OpenLegislation

Capital Allowances Act 1990 (repealed)

1990 c. 1 · Enacted 19 March 1990 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 1 April 2001.

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Contents

  1. Part I: Industrial Buildings and Structures Repealed
  2. Chapter I: Initial Allowances Repealed
  3. 1Buildings and structures in enterprise zones. Repealed
  4. 2Transitional relief for regional projects. Repealed
  5. 2AInitial allowances: contracts entered into between October 1992 and November 1993. Repealed
  6. Chapter II: Writing-down Allowances, Balancing Allowances and Balancing Charges Repealed
  7. 3Writing-down allowances. Repealed
  8. 4Balancing allowances and balancing charges. Repealed
  9. 4ARealisation of capital value. Repealed
  10. 5Restriction of balancing allowances on sale of industrial buildings or structures. Repealed
  11. 6Buildings and structures (including hotels) in enterprise zones. Repealed
  12. 7Other hotels. Repealed
  13. Chapter III: Provisions Supplementary to Chapters I and II Repealed
  14. 8Writing off of expenditure and meaning of “residue of expenditure". Repealed
  15. 9Manner of making allowances and charges. Repealed
  16. 10Purchases of buildings and structures. Repealed
  17. 10APurchases of buildings and structures: special provision for enterprise zones. Repealed
  18. 10BPurchases of buildings and structures in enterprise zones within two years of use. Repealed
  19. 10CPurchases of buildings and structures: allowances under section 2A. Repealed
  20. 10DArrangements affecting the value of the purchased interest. Repealed
  21. 11Long leases. Repealed
  22. 12Expenditure on repair of buildings. Repealed
  23. 13Expenditure on sites for machinery and plant. Repealed
  24. 14Sports pavilions. Repealed
  25. 15Temporary disuse of industrial buildings or structures. Repealed
  26. 15ZATemporary disuse: manner of making allowances and charges in certain cases. Repealed
  27. 15ABalancing charge after cessation of trade. Repealed
  28. 16Requisitioned land, holding over of leased land and other special cases. Repealed
  29. 17Mining structures etc: balancing allowances carried back to earlier chargeable periods. Repealed
  30. 17AEnterprise zones: exclusion of expenditure. Repealed
  31. 18Definition of “industrial building or structure". Repealed
  32. 19Meaning of “qualifying hotel". Repealed
  33. 20Meaning of “the relevant interest". Repealed
  34. 21Other interpretation of Part I. Repealed
  35. Part II: Machinery and Plant Repealed
  36. Chapter I: Allowances and Charges: General Provisions Repealed
  37. 22First-year allowances: transitional relief for regional projects. Repealed
  38. 22AExpenditure of a small or medium-sized enterprise. Repealed
  39. 22AAExpenditure of a small enterprise. Repealed
  40. 22BWithdrawal of first-year allowance on change of use. Repealed
  41. 22CDisclosure of information in connection with first-year allowances. Repealed
  42. 23Information relating to first-year allowances. Repealed
  43. 24Writing-down allowances and balancing adjustments. Repealed
  44. 25Qualifying expenditure. Repealed
  45. 26The disposal value. Repealed
  46. 27Professions, employments, vocations etc. Repealed
  47. 28Investment companies. Repealed
  48. 28ASchedule A cases. Repealed
  49. 29Furnished holiday lettings. Repealed
  50. Chapter II: Ships Repealed
  51. 30First-year allowances. Repealed
  52. 31Writing-down allowances. Repealed
  53. 32Ships not used in the actual trade. Repealed
  54. 33Exclusion of section 31. Repealed
  55. Balancing charges in respect of ship disposals et ceteralaetc. Repealed
  56. 33ADeferment of balancing charge. Repealed
  57. 33BAmount brought into account in respect of the old ship. Repealed
  58. 33CReimposition of deferred charge. Repealed
  59. 33DExpenditure to which deferments attributed. Repealed
  60. 33EQualifying ships. Repealed
  61. 33FProcedural provisions relating to deferred charges. Repealed
  62. Chapter III: Expensive Motor Cars Repealed
  63. 34Writing-down allowances etc. Repealed
  64. 35Contributions to expenditure, and hiring of cars. Repealed
  65. 36Definition of “motor car", etc. Repealed
  66. Chapter IV: Short-Life Assets Repealed
  67. 37Election for certain machinery or plant to be treated as short-life assets. Repealed
  68. 38Assets which cannot be treated as short-life assets. Repealed
  69. Chapter IVA: Long-life assets Repealed
  70. Expenditure to which Chapter applies Repealed
  71. 38AApplication of Chapter. Repealed
  72. 38BExpenditure excluded from the application of the Chapter. Repealed
  73. 38CExclusion of Chapter where limit for individuals and partnerships not exceeded. Repealed
  74. 38DExclusion of Chapter where company’s limit not exceeded. Repealed
  75. Rules applying to expenditure on long-life assets Repealed
  76. 38ESeparate pools for expenditure on long-life assets. Repealed
  77. 38FModifications applying to pools for long-life assets. Repealed
  78. 38GDisposal value of long-life assets. Repealed
  79. Transitional provisions Repealed
  80. 38HTransitional provisions. Repealed
  81. Chapter V: Leased Assets and Inexpensive Cars Repealed
  82. 39Meaning of “qualifying purpose". Repealed
  83. 40Meaning of “short-term leasing" and “the requisite period". Repealed
  84. 41Writing-down allowances etc. for leased assets and inexpensive cars. Repealed
  85. 42Assets leased outside the United Kingdom. Repealed
  86. 43Joint lessees: new expenditure. Repealed
  87. 44Further provisions relating to joint lessees in cases involving new expenditure. Repealed
  88. 45Joint lessees: old expenditure. Repealed
  89. 46Recovery of excess relief: new expenditure. Repealed
  90. 47Recovery of excess relief: old expenditure. Repealed
  91. 48Information relating to allowances made in respect of new expenditure. Repealed
  92. 49Information relating to allowances made in respect of old expenditure. Repealed
  93. 50Interpretation of Chapter V. Repealed
  94. Chapter VI: Fixtures Repealed
  95. 51Application and interpretation of Chapter VI. Repealed
  96. 52Expenditure incurred by holder of interest in land. Repealed
  97. 53Expenditure incurred by equipment lessor. Repealed
  98. 54Expenditure included in consideration for acquisition of existing interest in land. Repealed
  99. 55Expenditure incurred by incoming lessee: transfer of allowances. Repealed
  100. 56Expenditure incurred by incoming lessee: lessor not entitled to allowances. Repealed
  101. 56ARestriction on duplicate allowances under sections 54 and 56. Repealed
  102. 56BFixtures on which a former owner had an allowance. Repealed
  103. 56CFixtures on which an allowance has been given under Part I. Repealed
  104. 56DFixtures on which an allowance has been given under Part VII. Repealed
  105. 57Fixtures treated as ceasing to belong to particular persons. Repealed
  106. 58Equipment lessors: special provisions. Repealed
  107. 59Disposal value of fixtures in certain cases. Repealed
  108. 59ADisposal values in avoidance cases. Repealed
  109. 59BElection to use alternative apportionment. Repealed
  110. 59CElections under section 59B: supplemental. Repealed
  111. Chapter VII: Miscellaneous Expenditure Repealed
  112. 60Machinery and plant on hire-purchase etc. Repealed
  113. 60AMachinery and plant on hire-purchase etc.: fixtures. Repealed
  114. 61Machinery and plant on lease. Repealed
  115. 62Treatment of demolition costs. Repealed
  116. 62AAReuse etc. of offshore oil infrastructure Repealed
  117. 62ABMeaning of “decommissioning expenditure” in section 62AA Repealed
  118. 62ACMeaning of “offshore infrastructure” in section 62AA Repealed
  119. 62ASpecial allowance for decommissioning costs related to offshore machinery or plant. Repealed
  120. 62BTreatment of post-cessation abandonment expenditure related to offshore machinery or plant. Repealed
  121. 63Mineral extraction. Repealed
  122. 64Transfers of interests in oil fields. Repealed
  123. 64AProduction sharing contracts. Repealed
  124. 65Partnership using property of a partner. Repealed
  125. 66Building alterations connected with installation of machinery or plant. Repealed
  126. 67Expenditure on thermal insulation. Repealed
  127. 67AComputer software. Repealed
  128. 68Exclusion of certain expenditure relating to films, tapes and discs. Repealed
  129. 69Expenditure on fire safety. Repealed
  130. 70Expenditure on safety at sports grounds. Repealed
  131. 71Security. Repealed
  132. 72Security: supplementary. Repealed
  133. Chapter VIII: Supplementary Provisions Repealed
  134. 73Manner of making allowances and charges. Repealed
  135. 74Allowances not available: expenses of MPs and others. Repealed
  136. 75Further restrictions on allowances. Repealed
  137. 76Extension of section 75. Repealed
  138. 76ASpecial provision for finance lease cases. Repealed
  139. 76BSpecial provision for sale and leaseback cases. Repealed
  140. 77Successions to trades: connected persons. Repealed
  141. 78Succession to trades where no election made under section 77. Repealed
  142. 79Effect of use partly for trade etc. and partly for other purposes. Repealed
  143. 79AReduction in qualifying use. Repealed
  144. 80Effect of subsidies towards wear and tear. Repealed
  145. 81Effect of use after user not attracting capital allowances, or after receipt by way of gift. Repealed
  146. 82Capital expenditure to which this Part does not apply. Repealed
  147. 82AMeaning of “finance lease”. Repealed
  148. 83Other interpretative provisions. Repealed
  149. Part III: Dwelling-houses Let on Assured Tenancies Repealed
  150. 84Application of Part III. Repealed
  151. 85Writing-down allowances. Repealed
  152. 86Qualifying dwelling-houses. Repealed
  153. 87Balancing allowances and charges and withdrawal of initial allowances in certain cases. Repealed
  154. 88Dwelling-houses not continuously qualifying dwelling-houses. Repealed
  155. 89Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house. Repealed
  156. 90Writing off of expenditure and meaning of “residue of expenditure". Repealed
  157. 91Buildings bought unused. Repealed
  158. 92Manner of making allowances and charges. Repealed
  159. 93Repairs, and double allowances. Repealed
  160. 94Holding over by lessees, etc. Repealed
  161. 95The relevant interest. Repealed
  162. 96The appropriate capital expenditure. Repealed
  163. 97Interpretation. Repealed
  164. Part IV: Mineral Extraction Repealed
  165. Chapter I: Allowances and Charges Repealed
  166. 98Writing-down and balancing allowances. Repealed
  167. 99Disposal receipts. Repealed
  168. 100Balancing charges: excess of allowances etc. over expenditure. Repealed
  169. 101Occasions of balancing allowances. Repealed
  170. 102Treatment of qualifying expenditure on mineral exploration and access. Repealed
  171. 103Demolition costs. Repealed
  172. 104Manner of making allowances and charges. Repealed
  173. Chapter II: Qualifying Expenditure Repealed
  174. 105General provisions. Repealed
  175. 106Pre-trading expenditure on machinery or plant which is sold etc. Repealed
  176. 107Pre-trading exploration expenditure. Repealed
  177. 108Contributions by mining concerns to public services etc. outside the United Kingdom. Repealed
  178. 109Restoration expenditure. Repealed
  179. Chapter III: Limitations on Qualifying Expenditure etc. Repealed
  180. 110Expenditure on the acquisition of land. Repealed
  181. 111Reduction of qualifying expenditure for premium relief. Repealed
  182. 112Restriction of disposal receipts. Repealed
  183. 113Assets formerly owned by traders. Repealed
  184. 114Assets previously acquired. Repealed
  185. 115Expenditure partly attributable to mineral exploration and access. Repealed
  186. 116Oil licences etc. Repealed
  187. 117Transfer of mineral assets within a group. Repealed
  188. 118Assets formerly owned by non-traders. Repealed
  189. 118ADisposals of oil licences relating to undeveloped areas. Repealed
  190. Chapter IV: Supplementary Provisions Repealed
  191. 119Transitional provisions relating to old expenditure. Repealed
  192. 120Time when expenditure is incurred. Repealed
  193. 121Interpretation of Part IV. Repealed
  194. Part V: Agricultural Buildings etc. Repealed
  195. Chapter I: Agriculture Repealed
  196. 122Allowances for expenditure incurred before 1st April 1986. Repealed
  197. 123Allowances for expenditure incurred after 31st March 1986. Repealed
  198. 124Expenditure qualifying for allowances. Repealed
  199. 124AInitial allowances: contracts entered into between October 1992 and November 1993. Repealed
  200. 124BRestriction on writing-down allowance where initial allowance made. Repealed
  201. 125Meaning of “major interest" and “the relevant interest". Repealed
  202. 126Transfers of relevant interest. Repealed
  203. 127Buildings etc. bought unused. Repealed
  204. 127APurchases of buildings and structures: cases involving initial allowances. Repealed
  205. 128Balancing allowances and charges. Repealed
  206. 129Balancing events. Repealed
  207. 130Restriction of balancing allowances on sale of buildings. Repealed
  208. Chapter II: Forestry Repealed
  209. 131Forestry: transitional provisions. Repealed
  210. Chapter III: Supplemental Repealed
  211. 132Manner of making allowances and charges. Repealed
  212. 133Interpretation of Part V. Repealed
  213. Part VI: Dredging Repealed
  214. 134Allowances for expenditure on dredging. Repealed
  215. 135Interpretation of Part VI. Repealed
  216. Part VII: Scientific Research Repealed
  217. 136Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc. Repealed
  218. 137Allowances for capital expenditure on scientific research. Repealed
  219. 138Assets ceasing to belong to traders. Repealed
  220. 138ADisposal of oil licences etc. Repealed
  221. 138BDisposal of oil licences: election for alternative tax treatment. Repealed
  222. 139Supplemental. Repealed
  223. Part VIII: Supplementary Provisions Repealed
  224. 140Income tax allowances and charges in taxing a trade etc. Repealed
  225. 141Other income tax allowances. Repealed
  226. 142Restriction of set-off of allowances against general income. Repealed
  227. 143Tax agreements. Repealed
  228. 144Corporation tax allowances and charges in taxing a trade. Repealed
  229. 145Other corporation tax allowances. Repealed
  230. 145ACorporation tax allowances: claims. Repealed
  231. 146Writing-down allowances under Parts V and VI. Repealed
  232. 147Exclusion of double allowances. Repealed
  233. 148Double allowances: transitional provisions. Repealed
  234. 149Companies not resident in the United Kingdom. Repealed
  235. 150Apportionment of consideration, and exchanges and surrenders of leasehold interests. Repealed
  236. 151Procedure on apportionments. Repealed
  237. 152Succession to trades etc. Repealed
  238. 152AInsurance companies: transfers of business. Repealed
  239. 152BTransfer of a UK trade. Repealed
  240. 153Subsidies, contributions etc. Repealed
  241. 154Allowances in respect of contributions to capital expenditure. Repealed
  242. 155Further provisions relating to capital contributions. Repealed
  243. 156Meaning of “sale, insurance, salvage or compensation moneys". Repealed
  244. 157Sales between connected persons etc. Repealed
  245. 158Further provisions relating to sales without change of control or between connected persons. Repealed
  246. 159Capital expenditure, capital sums and time when capital expenditure is incurred. Repealed
  247. 159AAdditional VAT liabilities and rebates. Repealed
  248. 160Meaning of “period of account”. Repealed
  249. 161Other interpretative provisions. Repealed
  250. 162Application to Scotland. Repealed
  251. 163Continuity and construction of enactments etc. Repealed
  252. 164Commencement, amendments and repeals. Repealed
  253. 165Short title. Repealed
  254. Schedule AA1: Exclusions from expenditure on machinery or plant Repealed
  255. Buildings Repealed
  256. 1Paragraph 1 Repealed
  257. Structures, assets and works Repealed
  258. 2Paragraph 2 Repealed
  259. 1Paragraph 1 Repealed
  260. 2Paragraph 2 Repealed
  261. Land Repealed
  262. 3Paragraph 3 Repealed
  263. General exemptions Repealed
  264. 4Paragraph 4 Repealed
  265. Interpretation Repealed
  266. 5Paragraph 5 Repealed
  267. Schedule A1: Corporation Tax Allowances: Claims Repealed
  268. Introductory Repealed
  269. 1Paragraph 1 Repealed
  270. Time limits Repealed
  271. 2Paragraph 2 Repealed
  272. 3Paragraph 3 Repealed
  273. 4Paragraph 4 Repealed
  274. 5Paragraph 5 Repealed
  275. 6Paragraph 6 Repealed
  276. Method of making claim Repealed
  277. 7Paragraph 7 Repealed
  278. Nature of claim Repealed
  279. 8Paragraph 8 Repealed
  280. 9Paragraph 9 Repealed
  281. Adjustments Repealed
  282. 10Paragraph 10 Repealed
  283. 11Paragraph 11 Repealed
  284. Schedule 1: Consequential amendments Repealed
  285. Taxes Management Act 1970 c. 10 Repealed
  286. 1Paragraph 1 Repealed
  287. Social Security Act 1975 c. 14 Repealed
  288. Social Security (Northern Ireland) Act 1975 c. 15 Repealed
  289. 2Paragraph 2 Repealed
  290. Capital Gains Tax Act 1979 c. 14 Repealed
  291. 3Paragraph 3 Repealed
  292. Finance Act 1982 c. 39 Repealed
  293. 4Paragraph 4 Repealed
  294. London Regional Transport Act 1984 c. 32 Repealed
  295. 5Paragraph 5 Repealed
  296. Films Act 1985 c. 21 Repealed
  297. 6Paragraph 6 Repealed
  298. Trustee Savings Bank Act 1985 c. 58 Repealed
  299. 7Paragraph 7 Repealed
  300. Income and Corporation Taxes Act 1988 c. 1 Repealed
  301. 8Paragraph 8 Repealed
  302. Finance Act 1988 c. 39 Repealed
  303. 9Paragraph 9 Repealed
  304. Finance Act 1989 c. 26 Repealed
  305. 10Paragraph 10 Repealed
  306. Electricity Act 1989 c. 29 Repealed
  307. 11Paragraph 11 Repealed
  308. Schedule 2: Repeals Repealed
  309. Schedule CAPITAL ALLOWANCES ACT 1990 TABLE OF DERIVATIONS: Note:The following abbreviations are used in this Table:— Repealed