CAPITAL ALLOWANCES. 16.1. This condition 16 applies where the special conditions state that there are capital allowances available in respect of the lot. 16.2. The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with the buyer’s claim for capital allowances. 16.3. The value to be attributed to those items on which capital allowances may be claimed is set out in the special conditions. 16.4. The seller and buyer agree: 00.0.0. xx make an election on completion under Section 198 of the Capital Allowances Act 2001 to give effect to this condition 16; and 00.0.0. xx submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their respective capital allowance computations.
Appears in 8 contracts
Samples: Auction Sale Agreement, Auction Sale Agreement, Auction Sale Agreement
