2044.The new section 37(2)(c) of TCGA 1992 and reference to disposal values (rather than “balancing charge”) in section 195 of TCGA 1992 are consequential on a change of approach taken in Part 6 of this Act. Where Part VII of CAA 1990 gives, in respect of qualifying expenditure, an allowance and a charge in the same chargeable period, Part 6 of this Act gives a “net allowance”. See Note 57 in Annex 2.
Commentary on Sections Schedule 2: Consequential amendments Paragraphs 77 and 79