Commentary on Sections Glossary Structure of Part 2 Overview
740.This Chapter restricts writing-down allowances, balancing allowances and balancing charges for plant and machinery which is provided or used only partly for the purposes of the qualifying activity.
741.Section 205 deals with the reduction of first-year allowances if it appears that the plant or machinery is provided only partly for the qualifying activity.
742.Section 206 provides that qualifying expenditure on plant or machinery provided or used partly for the purposes of the qualifying activity and partly not is allocated to a single asset pool. It also gives rules for that pool.
743.Section 207 reduces writing-down allowances, balancing allowances and balancing charges for plant or machinery used partly for the purposes of the qualifying activity and partly not.
744.Section 208 is an anti-avoidance provision. It provides a disposal event if:
	there is a significant reduction in the use for the purposes of the qualifying activity; and
	the market value of the asset exceeds the available qualifying expenditure in the single asset pool by more than £1 million.