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Capital Allowances Act 2001
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Changes over time for: Part 2
Version Superseded: 21/07/2008
Alternative versions:
- 22/03/2001- Amendment
- 11/05/2001- Amendment
- 06/04/2003- Amendment
- 10/07/2003- Amendment
- 22/07/2004- Amendment
- 06/04/2005- Amendment
- 07/04/2005- Amendment
- 18/04/2005- Amendment
- 06/04/2007- Amendment
- 11/04/2007- Amendment
- 11/04/2007
Point in time - 21/07/2008- Amendment
- 01/04/2009- Amendment
- 21/07/2009- Amendment
- 01/04/2010- Amendment
- 19/07/2011- Amendment
- 17/07/2012- Amendment
- 17/07/2014- Amendment
- 26/03/2015- Amendment
- 16/11/2017- Amendment
- 10/06/2021- Amendment
- 11/07/2023- Amendment
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Point in time view as at 11/04/2007.
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There are outstanding changes not yet made by the legislation.gov.uk editorial team to Capital Allowances Act 2001. Any changes that have already been made by the team appear in the content and are referenced with annotations.
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Part 2U.K. Defined expressions
| accounting period | section 12 of ICTA |
| additional VAT liability | section 547(1) |
| additional VAT rebate | section 547(2) |
| adjusted net cost (in Chapter 7 of Part 3) | section 323 |
| adjusted net cost (in Chapter 6 of Part 10) | section 522 |
| agricultural building | section 361(2)(a) |
| approved body (in Part 10) | section 492 |
| assured tenancy | section 490(3) |
| available qualifying expenditure (in Part 2) | section 57 |
| available qualifying expenditure (in Part 7) | section 459 |
| available qualifying expenditure (in Part 8) | section 473 |
| balancing adjustment (in Part 3) | section 314 |
| [F1balancing adjustment (in Part 3A) | section 360M] |
| balancing adjustment (in Part 4) | section 380 |
| [F2balancing adjustment (in Part 4A) | section 393M] |
| balancing adjustment (in Part 10) | section 513 |
| balancing event (in Part 3) | section 315 |
| [F1balancing event (in Part 3A) | section 360N] |
| balancing event (in Part 4) | section 381 |
| [F3balancing event (in Part 4A) | section 393N] |
| balancing event (in Part 10) | section 514 |
| body of persons | [F4section 989 of ITA 2007 and] section 832(1) of ICTA |
| F5. . . | F5. . . |
| building (in Part 3—includes structure) | section 271(1) |
| capital expenditure | section 4 and (in Chapter 2 of Part 1) section 10(1) |
| capital sum | section 4 |
| car (in Part 2) | section 81 |
| chargeable period | section 6 |
| commercial building (in Part 3, in relation to qualifying enterprise zone expenditure) | section 281 |
| connected persons (general meaning) | [F6section 575] |
| connected persons (special extended meaning for certain purposes) | sections 156, 232, 246(2) and 266(5) |
| control | section 574 |
| the Corporation Tax Acts | section 831(1) of ICTA |
| developer, carrying on a trade as (in Chapter 4 of Part 3) | section 293 |
| development and development order (in Part 5) | section 436 |
| disposal event (in Part 2) | section 60(2) |
| disposal event (in Chapter 3 of Part 6) | section 443(7) |
| disposal receipt (in Part 2) | section 60 |
| disposal receipt (in Part 5) | section 420 |
| disposal receipt (in Chapter 3 of Part 8) | section 476(1) |
| dredging | section 484(3), (4) |
| dual resident investing company | section 577(1) and section 404 of ICTA |
| dwelling-house | section 531(1) |
| [F7dwelling (in Part 4A) | section 393A(4)] |
| enterprise zone (in Part 3) | section 298(3) |
| expenditure on the construction of a building (in Part 3) | section 272 |
| expenditure on the construction of a building (in Part 4) | section 363 |
| expenditure on the construction of a building (in Part 10) | section 493 |
| final chargeable period (in Part 2) | section 65 |
| final chargeable period (in Part 7) | section 457(5) |
| final chargeable period (in Part 8) | section 471(5) and (6) |
| first-year qualifying expenditure | Chapter 4 of Part 2 |
| fixture (in Part 2) | section 173(1) |
| [F8flat (in Part 4A) | section 393A(3)] |
| four-year cut-off (in Chapter 9 of Part 2) | section 86(3) |
| furnished holiday lettings business (in Part 2) | section 17 |
| general development order (in Part 5) | section 436 |
| highway concession (in Chapter 9 of Part 3) | section 341(4) |
| husbandry (in Part 4) | section 362 |
| income from patents (in Part 8) | section 483 and paragraph 101(5) of Schedule 3 |
| industrial building | section 271(2) and Chapter 2 of Part 3 |
| F9. . . | F9. . . |
| interest in an oil licence (in Chapter 3 of Part 12) | section 552(4) |
| investment company | section 130 of ICTA |
| investment asset (in relation to life assurance business) | section 545(2) |
| know-how (in Part 7) | section 452(2) |
| lease and related expressions (in Part 3) | section 360 |
| [F1lease and related expressions (in Part 3A) | section 360Z4] |
| lease and related expressions (in Part 4) | section 393 |
| [F10lease and related expressions (in Part 4A) | section 393W] |
| lease and related expressions (in Part 10) | section 531 |
| life assurance business | section 544(5) and section 431(2) of ICTA |
| long-life asset (in Chapter 10 of Part 2) | section 91 |
| long-life asset expenditure (in F11... Part 2) | section 90 |
| market value | section 577(1) |
| mineral asset (in Part 5) | section 397 |
| mineral exploration and access (in Part 5) | section 396 |
| mineral extraction trade (in Part 5) | section 394(2) |
| mineral deposits (in Part 5) | section 394(3) |
| normal time limit for amending a tax return | section 577(1) |
| notice | section 577(1) |
| [F12offshore installation (except in Chapter 13 of Part 2) | [F13sections 1001 and 1002 of ITA 2007 and] section 837C of ICTA] |
| oil (in Chapter 3 of Part 12) | section 556(3) |
| oil licence (in Chapter 3 of Part 12) | section 552(1) |
| ordinary [F14property] business | section 16 |
| overseas property business | sections [F1570A(4) and 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005] [F16(as applied by section 989 of ITA 2007)] |
| partial depreciation subsidy | section 209 |
| patent rights (in Part 8) | section 464(2) |
| planning permission (in Part 5) | section 436 |
| proceeds from a balancing event (in Part 3) | section 316 |
| [F1proceeds from a balancing event (in Part 3A) | section 360O] |
| proceeds from a balancing event (in Part 4) | section 383 |
| [F17proceeds from a balancing event (in Part 4A) | section 393O] |
| proceeds from a balancing event (in Part 10) | section 515 |
| property business | section 577(1) |
| public body (in Chapter 1 of Part 11) | section 532(2) |
| qualifying activity (in Part 2) | Chapter 2 of Part 2 |
| [F1qualifying building (in Part 3A) | section 360C] |
| [F18qualifying building (in Part 4A) | section 393C] |
| [F1qualifying business premises (in Part 3A) | section 360D] |
| qualifying dwelling-house (in Part 10) | section 490(2) and Chapter 4 of Part 10 |
| qualifying enterprise zone expenditure (in Part 3) | sections 299 to 304 |
| [F1qualifying expenditure (in Part 3A) | section 360B] |
| qualifying expenditure attributable to a dwelling-house (in Part 10) | section 511 |
| [F19qualifying flat (in Part 4A) | section 393D] |
| qualifying hire car (in Part 2) | section 82 |
| qualifying hotel (in Part 3) | section 279 |
| qualifying non-trade expenditure (in Part 8) | section 469 |
| qualifying trade expenditure (in Part 8) | section 468 |
| qualifying trade (in Part 3) | section 274 |
| qualifying trade (in Part 9) | section 484(2) |
| related agricultural land (in Part 4) | section 361(2)(b) |
| relevant interest (in Part 3) | Chapter 3 of Part 3 |
| [F1relevant interest (in Part 3A) | Chapter 4 of Part 3A] |
| relevant interest (in Part 4) | Chapter 2 of Part 4 |
| [F20relevant interest (in Part 4A) | Chapter 4 of Part 4A] |
| relevant interest (in Part 10) | Chapter 2 of Part 10 |
| relevant trade (in Part 6) | section 439(3) |
| research and development | section [F21437(2) and (3)] |
| residue of qualifying expenditure (in Part 3) | section 313 |
| [F1residue of qualifying expenditure (in Part 3A) | section 360K] |
| residue of qualifying expenditure (in Part 4) | section 386 |
| [F22residue of qualifying expenditure (in Part 4A) | section 393L] |
| residue of qualifying expenditure attributable to a dwelling-house (in Part 10) | section 512 |
| ring fence trade (in Chapter 13 of Part 2) | section 162(2) |
| sale | section 572(1) to (3) |
| sale, time of | section 572(4) |
| sale, transfers under Parts 3[F23, 3A], 4[F24, 4A] and 10 treated as | section 573 |
| sale, treated as occurring on successions, for purposes of Parts other than Parts 2, 6 and 10 | section 559 |
| Schedule A business | [F25section 989 of ITA 2007 and] section 832(1) of ICTA |
| short-life asset (in Part 2) | section 83 |
| source of mineral deposits (in Part 5) | section 394(5) |
| special leasing (in Part 2) | section 19 |
| tax | section 832(3) of ICTA |
| the Tax Acts | Schedule 1 to the Interpretation Act 1978 and section 831 of ICTA |
| tax advantage | section 577(4) |
| tax return | section 3(3) |
| tax year | [F26section 4(2) of ITA 2007 (as applied by section 989 of that Act)] |
| UK oil licence | section 552(2) |
| [F27UK property business | F28...Chapter 2 of Part 3 of ITTOIA 2005] [F29(as applied by section 989 of ITA 2007)] |
| United Kingdom | [F30section 1013 of ITA 2007 and section 830(1) of ICTA] |
| unrelieved qualifying expenditure (in Part 2) | section 59 |
| unrelieved qualifying expenditure (in Part 5) | section 419 |
| unrelieved qualifying expenditure (in Part 7) | section 461 |
| unrelieved qualifying expenditure (in Part 8) | section 475 |
| within the charge to tax | [F31section 1009 of ITA 2007 and] section 832(1) of ICTA |
| writing-down period (in Part 4) | section 372(2) |
| writing-down period (in Part 9) | section 487(2) |
Textual Amendments
F1Sch. 1 Pt. 2 entries inserted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 11; S.I. 2007/949, art. 2
F2Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F3Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F4Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(a) (with Sch. 2)
F5Words in Sch. 1 Pt. 2 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 86(a), 5; S.I. 2005/1126, art. 2(2)(h)(i)
F6Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(b) (with Sch. 2)
F7Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F8Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F9Words in Sch. 1 Pt. 2 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 86(b), 5; S.I. 2005/1126, art. 2(2)(h)(i)
F10Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F11Words in Sch. 1 Pt. 2 repealed (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14), Sch. 43 Pt. 3(9)
F12Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 27 para. 11 of the amending Act) by Finance Act 2004 (c. 12), Sch. 27 para. 10
F13Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(c) (with Sch. 2)
F14Word in Sch. 1 Pt. 2 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(a) (with Sch. 2)
F15Words in Sch. 1 Pt. 2 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(b) (with Sch. 2)
F16Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(d) (with Sch. 2)
F17Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F18Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F19Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F20Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F21Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(e) (with Sch. 2)
F22Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F23Word in Sch. 1 Pt. 2 inserted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 11; S.I. 2007/949, art. 2
F24Sch. 1 Pt. 2: words in entry inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(3)
F25Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(f) (with Sch. 2)
F26Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(g) (with Sch. 2)
F27Words in Sch. 1 Pt. 2 inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(c) (with Sch. 2)
F28Words in Sch. 1 Pt. 2 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(h), Sch. 3 Pt. 1 (with Sch. 2)
F29Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(h) (with Sch. 2)
F30Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(i) (with Sch. 2)
F31Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(j) (with Sch. 2)
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