Page 6 - F6 - Capital Allowances - Part 3
P. 6

General recoupment (s8(4)(a))                                                                                Special




                                                                                                                      incl.


                                                                                                                    par (n)
        Recoupment (incl.) in gross income if:



         Amounts previously allowed as a deduction/


            allowance is recovered

                                                                                      e.g. sold





         Therefore the recoupment will always be limited to


            cost (on which allowances were calculated)







         Recoupment = Proceeds Ltd to cost less tax



            value
                                                                                            Cost less


                                                                                          allowances


                                                                                             claimed
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