Page 11 - F6 - Capital Allowances - Leases

Limitation To Allowances For Lessors Of “Affected

Assets” s 23A

 Limits certain allowances available to lessors

When is the limitation applicable?

 When an affected assets is let

Affected asset:

asset which is entitled to s11(e)/ s12C allowance

excluding Next
slide
asset let under an operating lease or
>

50%
assets mainly used by lessor in non-letting trade

(used in trade other than letting asset)