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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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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).