# Capital Allowances Act 2001, Section 451: Sales: time of cessation of ownership


Any reference in this Part to the time when a person ceases to own an asset is to be read, in the case of a sale, as a reference to whichever is the earlier of—
(a) the time of completion, and
(b) the time when possession is given.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/451 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-451
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.