CG15420 - Capital allowances: part-disposals

TCGA92/S42 (3) (4)

Where only part of an asset which has qualified for capital allowances is disposed of any apportionment required by TCGA92/S42 is to be made before operating the loss restriction in Section 41. Any loss accruing on a subsequent disposal or part-disposal is restricted by capital allowances or renewals allowances to the extent that they have not already been used to restrict an earlier loss, see CG15414 and CG15421.