669E Application of Chapter 4 of Part 9

Summary

This section applies the provisions of Chapter 4 of Part 9 to this Chapter. These are the miscellaneous and general provisions relating to the application of capital allowances for income tax and corporation tax purposes.

Details

(1) Chapter 4 of Part 9 is applied as if this Chapter were contained in that Part.

(2) A minor modification is made to section 312 (special provisions as to certain sales) to ensure that in certain circumstances where the seller and buyer of qualifying quota are under common control they may make a joint declaration to the inspector to have the sale of the quota treated as if it were made at the amount of original expenditure remaining unallowed instead of the open market price.

Relevant Date: Finance Act 2021