Examples of CAA 1990 in a sentence
No balancing charge pursuant to the CAA 1990 Sections 24 and 34-36 or otherwise will be made on the Company on any disposal of any or all such assets for a consideration equal to or less than the value of such asset or assets in the Audited Accounts.
The Lessee undertakes with the Lessor that, from the date of this Agreement and so long as any moneys are owing under this Agreement or any of the other Relevant Lease Documents to promptly notify the Lessor of the termination of the sub-leasing of the Vessel or the obligation of the Lessee to sub-lease the Vessel pursuant to the Sub-Lease at any time during the requisite period (as defined in section 40 CAA 1990).
Full disclosure has been made to the Purchaser of all capital expenditure qualifying for capital allowances and all balancing adjustments pursuant to the CAA 1990 and Chapter I Part XIII ICTA 1988 in respect of any Accounting Period of the Company.
If each of the capital assets of the Company were disposed of for a consideration equal to the book value of that asset in, or adopted for the purpose of, the Accounts, no liability to corporation tax on chargeable gains or balancing charge under CAA 1990 would arise (and for this purpose there shall be disregarded any relief and allowances available to the Company other than amounts falling to be deducted from the consideration receivable under Section 38 CGA 1992).
The aggregate book value in or adopted for the purposes of the Last Accounts of assets allocated to a pool of assets on which an entitlement to capital allowances has arisen under CAA 1990 or CAA 2001 does not exceed the available qualifying expenditure in respect of each such pool under CAA 1990 or CAA 2001.
The aggregate book value of each of the assets of the Company, on which an entitlement to allowances in respect of capital expenditure has arisen under CAA 1990 or CAA 2001, in or adopted for the purposes of the Last Accounts does not exceed the aggregate residue of qualifying expenditure or written-down value attributable to such assets for the purposes of CAA 1990 or CAA 2001.