As regards the computation of capital allowances on trade transfers without a change of ownership, see D6.316.
The legislation described in this article does not apply to capital allowances on plant and machinery, research and development and assured tenancies1. There are similar provisions regarding plant and machinery allowances in CAA 2001, s 265 (see B3.390).
A 'relevant activity' means a trade, property business, profession or vocation2.
The legislation applies where3:
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(a)ÌýÌýÌýÌý there is a succession
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