# Capital Allowances Act 2001, Section 435: Shares in assets


(1) This Part applies in relation to a share in an asset as it applies (under section 571) in relation to a part of an asset.
(2) For the purposes of those provisions, a share in an asset is treated as used for the purposes of a trade so long as, and only so long as, the asset is used for the purposes of the trade.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/435 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-435
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.