Taxes Consolidation Act 1997 section 380W

Supplementary provisions

Section 380W sets out additional rules applying to capital allowances on relocation expenditure incurred in connection with a toxic docklands area, including a claw-back provision, a bar on double relief, and miscellaneous technical rules.

• The additional 50% allowance under sections 380T and 380U is withdrawn if the plant, machinery, building or structure is sold before being used for the purposes of a relevant trade, or within two years of such use commencing.
• Relocation expenditure that has already been allowed as a deduction in computing the profits of a trade is excluded from the definition of capital expenditure for the purposes of this Part.
• Where relief is given under this Part for relocation expenditure, no further relief may be claimed in respect of that same expenditure under any other provision of the Tax Acts.
• Chapter 4 of Part 9 (which contains the general balancing allowance and balancing charge rules) applies to this Part as if the relocation provisions were contained within Part 9 itself.

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