OpenLegislation

Article 29

United Kingdom

Original text. Later amendments are not shown.

Relief shall be limited to capital goods and other equipment which:

  1. (a)

    except in special cases justified by the circumstances, have actually been used in the undertaking for a minimum of 12 months before the date on which the undertaking ceased to operate in the third country from which it has transferred its activities;

  2. (b)

    are intended to be used for the same purposes after the transfer;

  3. (c)

    are appropriate to the nature and size of the undertaking in question.