# Capital Allowances Act 2001, Paragraph 12: Use for qualifying activity of plant or machinery which is a gift


Section 14 applies with the insertion after subsection (1) of—
“(1A) This section does not apply unless the donor was required by section 24(6) of CAA 1990 to bring into account for the purposes there mentioned a disposal value equal to the price which the plant or machinery would have fetched if sold in the open market at the time of the gift.”,
if the plant or machinery was brought into use before 27th July 1989.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/12 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/schedule-3/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.