Introduction Overview Overview Section 948: Modified application of CAA 2001
2817.This section modifies the application of CAA. It is based on section 343(1) and (2) of ICTA.
2818.Under subsections (2) to(4), for capital allowances purposes, the successor stands in the predecessor’s shoes.
2819.Section 561A(2)(c) of CAA refers to section 343 of ICTA, whereas section 561(5) of CAA refers to section 343(2). Nothing turns on this distinction, so subsection (6) simply refers to sections 561 and 561A of CAA.