Commentary on Sections Glossary Structure of Part 2 Section 104: Disposal value of long-life assets
436.This section is based on section 38G of CAA 1990. It prevents tax avoidance arrangements designed to accelerate allowances.
437.Subsection (1)(d) refers to “tax advantage”. This is defined in section 577(4).
438.Subsection (3) deals with the “notional written-down value”. This is handled in a different way from section 38G(2) and (3). See Note 24 in Annex 2.