Common use of CAPITAL ALLOWANCES Clause in Contracts

CAPITAL ALLOWANCES. If the special conditions state that there are capital allowances available in respect of the lot, the Seller must promptly supply to the Buyer all information reasonably required by the Buyer in connection with the Buyer’s claim for capital allowances. The Seller and the Buyer agree to make an election on completion under s198 of the Capital Allowances Act 2001 to give effect to the capital allowance and to submit the value specified in the special conditions to HMRC for the purposes of their respective capital allowance computations.

CAPITAL ALLOWANCES. If the special conditions of sale state that there are capital allowances available in respect of the lot, the Seller you must promptly supply to the Buyer all information reasonably required by the Buyer in connection with the Buyer’s claim for capital allowances. The Seller You and the Buyer agree to make an election on completion under s198 of the Capital Allowances Act 2001 to give effect to the capital allowance and to submit the value specified specified in the special conditions to HMRC for the purposes of their your respective capital allowance computations.

CAPITAL ALLOWANCES. If the special conditions state that there are capital allowances available in respect of the lot, the Seller you must promptly supply to the Buyer all information reasonably required by the Buyer in connection with the Buyer’s claim for capital allowances. The Seller You and the Buyer agree to make an election on completion under s198 of the Capital Allowances Act 2001 to give effect to the capital allowance and to submit the value specified in the special conditions to HMRC for the purposes of their your respective capital allowance computations.