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Controlled sales

The provisions described below apply to mineral extraction allowances (see Division B3.4) and research and development allowances (see Division B3.7) and they applied (and may still apply on a balancing event in certain cases) to the following codes of allowances which have now been abolished¹:

1. Ìý

   (a)ÌýÌýÌýÌý industrial building allowances (but now relevant only in a very small number of cases in respect of enterprise zone buildings), see B3.281)

2. Ìý

   (b)ÌýÌýÌýÌý business premises renovation allowances (see Division B3.11)

3. Ìý

   (c)ÌýÌýÌýÌý flat conversion allowances, see Division B3.10)

4. Ìý

   (d)ÌýÌýÌýÌý assured tenancy allowances, see Division B3.9)

Somewhat similar provisions applying to plant and machinery allowances are described in B3.365.

The provisions apply where there is a controlled sale. There is a 'controlled sale' where:

1. Ìý

   (i)ÌýÌýÌýÌý the buyer is a body of persons over whom the seller has control; or

2. Ìý

   (ii)ÌýÌýÌýÌý the seller is a body of persons over whom the buyer has control; or

3. Ìý

   (iii)ÌýÌýÌýÌý both the buyer and the seller