# Capital Allowances Act 2001, Section 535: Insurance or compensation money


A person is to be regarded as having incurred expenditure (despite section 532(1)) to the extent that it is met (directly or indirectly) by—
(a) insurance money, or
(b) other compensation money,
payable in respect of an asset which has been destroyed, demolished or put out of use.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/535 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-535
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.