Capital Allowances Act 1990
Part IIndustrial Buildings and Structures
Chapter IInitial Allowances
1Buildings and structures in enterprise zones
2Transitional relief for regional projects
Chapter IIWriting-down Allowances, Balancing Allowances and Balancing Charges
3Writing-down allowances
4Balancing allowances and balancing charges
5Restriction of balancing allowances on sale of industrial buildings or structures
6Buildings and structures (including hotels) in enterprise zones
7Other hotels
Chapter IIIProvisions Supplementary to Chapters I and II
8Writing off of expenditure and meaning of “residue of expenditure”
9Manner of making allowances and charges
10Purchases of buildings and structures
11Long leases
12Expenditure on repair of buildings
13Expenditure on sites for machinery and plant
14Sports pavilions
15Temporary disuse of industrial buildings or structures
16Requisitioned land, holding over of leased land and other special cases
17Mining structures etc: balancing allowances carried back to earlier chargeable periods
18Definition of “industrial building or structure”
19Meaning of “qualifying hotel”
20Meaning of “the relevant interest”
21Other interpretation of Part I
Part IIMachinery and Plant
Chapter IAllowances and Charges: General Provisions
22First-year allowances: transitional relief for regional projects
23Information relating to first-year allowances
24Writing-down allowances and balancing adjustments
25Qualifying expenditure
26The disposal value
27Professions, employments, vocations etc
28Investment companies and life assurance companies
29Furnished holiday lettings
Chapter IIShips
30First-year allowances
31Writing-down allowances
32Ships not used in the actual trade
33Exclusion of section 31
Chapter IIIExpensive Motor Cars
34Writing-down allowances etc
35Contributions to expenditure, and hiring of cars
36Definition of “motor car”, etc
Chapter IVShort-Life Assets
37Election for certain machinery or plant to be treated as short-life assets
38Assets which cannot be treated as short-life assets
Chapter VLeased Assets and Inexpensive Cars
39Meaning of “qualifying purpose”
40Meaning of “short-term leasing” and “the requisite period”
41Writing-down allowances etc. for leased assets and inexpensive cars
42Assets leased outside the United Kingdom
43Joint lessees: new expenditure
44Further provisions relating to joint lessees in cases involving new expenditure
45Joint lessees: old expenditure
46Recovery of excess relief: new expenditure
47Recovery of excess relief: old expenditure
48Information relating to allowances made in respect of new expenditure
49Information relating to allowances made in respect of old expenditure
50Interpretation of Chapter V
Chapter VIFixtures
51Application and interpretation of Chapter VI
52Expenditure incurred by holder of interest in land
53Expenditure incurred by equipment lessor
54Expenditure included in consideration for acquisition of existing interest in land
55Expenditure incurred by incoming lessee: transfer of allowances
56Expenditure incurred by incoming lessee: lessor not entitled to allowances
57Fixtures treated as ceasing to belong to particular persons
58Equipment lessors: special provisions
59Disposal value of fixtures in certain cases
Chapter VIIMiscellaneous Expenditure
60Machinery and plant on hire-purchase etc
61Machinery and plant on lease
62Treatment of demolition costs
63Mineral extraction
64Transfers of interests in oil fields
65Partnership using property of a partner
66Building alterations connected with installation of machinery or plant
67Expenditure on thermal insulation
68Exclusion of certain expenditure relating to films, tapes and discs
69Expenditure on fire safety
70Expenditure on safety at sports grounds
71Security
72Security: supplementary
Chapter VIIISupplementary Provisions
73Manner of making allowances and charges
74Allowances not available: expenses of Members of Parliament
75Further restrictions on allowances
76Extension of section 75
77Successions to trades: connected persons
78Succession to trades where no election made under section 77
79Effect of use partly for trade etc. and partly for other purposes
80Effect of subsidies towards wear and tear
81Effect of use after user not attracting capital allowances, or after receipt by way of gift
82Capital expenditure to which this Part does not apply
83Other interpretative provisions
Part IIIDwelling-houses Let on Assured Tenancies
84Application of Part III
85Writing-down allowances
86Qualifying dwelling-houses
87Balancing allowances and charges and withdrawal of initial allowances in certain cases
88Dwelling-houses not continuously qualifying dwelling-houses
89Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house
90Writing off of expenditure and meaning of “residue of expenditure”
91Buildings bought unused
92Manner of making allowances and charges
93Repairs, and double allowances
94Holding over by lessees, etc
95The relevant interest
96The appropriate capital expenditure
97Interpretation
Part IVMineral Extraction
Chapter IAllowances and Charges
98Writing-down and balancing allowances
99Disposal receipts
100Balancing charges: excess of allowances etc. over expenditure
101Occasions of balancing allowances
102Treatment of qualifying expenditure on mineral exploration and access
103Demolition costs
104Manner of making allowances and charges
Chapter IIQualifying Expenditure
105General provisions
106Pre-trading expenditure on machinery or plant which is sold etc
107Pre-trading exploration expenditure
108Contributions by mining concerns to public services etc. outside the United Kingdom
109Restoration expenditure
Chapter IIILimitations on Qualifying Expenditure etc.
110Expenditure on the acquisition of land
111Reduction of qualifying expenditure for premium relief
112Restriction of disposal receipts
113Assets formerly owned by traders
114Assets previously acquired
115Expenditure partly attributable to mineral exploration and access
116Oil licences etc
117Transfer of mineral assets within a group
118Assets formerly owned by non-traders
Chapter IVSupplementary Provisions
119Transitional provisions relating to old expenditure
120Time when expenditure is incurred
121Interpretation of Part IV
Part VAgricultural Buildings etc.
Chapter IAgriculture
122Allowances for expenditure incurred before 1st April 1986
123Allowances for expenditure incurred after 31st March 1986
124Expenditure qualifying for allowances
125Meaning of “major interest” and “the relevant interest”
126Transfers of relevant interest
127Buildings etc. bought unused
128Balancing allowances and charges
129Balancing events
130Restriction of balancing allowances on sale of buildings
Chapter IIForestry
131Forestry: transitional provisions
Chapter IIISupplemental
132Manner of making allowances and charges
133Interpretation of Part V
Part VIDredging
134Allowances for expenditure on dredging
135Interpretation of Part VI
Part VIIScientific Research
136Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc
137Allowances for capital expenditure on scientific research
138Assets ceasing to belong to traders
139Supplemental
Part VIIISupplementary Provisions
140Income tax allowances and charges in taxing a trade etc
141Other income tax allowances
142Restriction of set-off of allowances against general income
143Tax agreements
144Corporation tax allowances and charges in taxing a trade
145Other corporation tax allowances
146Writing-down allowances under Parts V and VI
147Exclusion of double allowances
148Double allowances: transitional provisions
149Companies not resident in the United Kingdom
150Apportionment of consideration, and exchanges and surrenders of leasehold interests
151Procedure on apportionments
152Succession to trades etc
153Subsidies, contributions etc
154Allowances in respect of contributions to capital expenditure
155Further provisions relating to capital contributions
156Meaning of “sale, insurance, salvage or compensation moneys”
157Sales between connected persons etc
158Further provisions relating to sales without change of control or between connected persons
159Capital expenditure, capital sums and time when capital expenditure is incurred
160Meaning of “basis period”
161Other interpretative provisions
162Application to Scotland
163Continuity and construction of enactments etc
164Commencement, amendments and repeals
165Short title
SCHEDULES
SCHEDULE 1Consequential amendments
Taxes Management Act 1970 c. 10
1(1) In sections 57(3)(b) and 58(3)(b) of the Taxes Management...
Social Security Act 1975 c. 14Social Security (Northern Ireland) Act 1975 c. 15
2In paragraphs 1 and 2 of both Schedule 2 to...
Capital Gains Tax Act 1979 c. 14
3(1) The Capital Gains Tax Act 1979 shall have effect...
Finance Act 1982 c. 39
4In section 137 of the Finance Act 1982—
London Regional Transport Act 1984 c. 32
5In paragraph 5 of Schedule 5 to the London Regional...
Films Act 1985 c. 21
6In section 6(1) and in paragraphs 2 and 3 of...
Trustee Savings Bank Act 1985 c. 58
7In paragraph 1 of Schedule 2 to the Trustee Savings...
Income and Corporation Taxes Act 1988 c. 1
8(1) The Income and Corporation Taxes Act 1988 shall be...
Finance Act 1988 c. 39
9(1) In section 62(2)(b) of the Finance Act 1988 for...
Finance Act 1989 c. 26
10In section 121(2) of the Finance Act 1989 for the...
Electricity Act 1989 c. 29
11In paragraph 5 of Schedule 11 to the Electricity Act...
SCHEDULE 2Repeals
CAPITAL ALLOWANCES ACT 1990TABLE OF DERIVATIONS

Capital Allowances Act 1990

1990 Chapter 1

An Act to consolidate certain enactments relating to capital allowances.

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—