# Capital Allowances Act 2001, Paragraph 22: Recovery of first-year allowances in case of joint lessees


(1) Sub-paragraphs (2) and (3) apply if—
(a) expenditure has been incurred on the provision of plant or machinery which is leased as described in section 116(1), and
(b) the whole or a part of the expenditure has qualified for a first-year allowance under—
(i) section 43(4) of CAA 1990, or
(ii) paragraph 47(7).
(2) Section 117(1) applies as if the reference in paragraph (b) to expenditure qualifying for a normal writing-down allowance under section 116(3) included a reference to expenditure qualifying for the first-year allowance.
(3) Subsections (3) to (5) of section 117 apply as if the reference in section 117(3)(b) to expenditure qualifying for a normal writing-down allowance under section 116(3) included a reference to expenditure qualifying for the first-year allowance.

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/22 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/schedule-3/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.