CG15401 - Capital allowances: computational changes

For all other disposals the computation is unaffected by the fact that capital allowances have been given. In particular

 

 

• the capital gains allowable expenditure is not restricted simply because capital allowances or renewals allowances have been given, TCGA92/S41 (1),
• nor is the capital gains disposal consideration reduced because there is, as a result of the disposal,

 

 

* a capital allowances balancing charge, or
* an adjustment under CAA01/S55 (plant and machinery),

see TCGA92/S37 (2).