Explanatory Notes

Introduction

Schedule 1: Minor and consequential amendments

Part 2: Other enactments

Capital Allowances Act 2001

Section 63: Cases in which disposal value is nil

3412.This amendment provides that section 63(2) of CAA, which provides that the disposal value of plant and machinery disposed of by way of gift to a charity or certain other bodies is nil, also applies to a gift to a registered club. See the commentary on Chapter 9 of Part 13. It is based on paragraph 9(3) of Schedule 18 to FA 2002.