Commercial Property Standard Enquiries CPSE.1 ... - Blake Lapthorn

(c)details of any arrangements under which you may be liable to contribute tothe funding of the BID even if you are not the rateable occupier.As above.18.11 If the Property is not within an area subject to a BID arrangement, are you aware ofany proposal to create a BID that will include the Property?As above.19. CAPITAL ALLOWANCES19.1 Do you hold the Property as an investor/owner on capital account or as a trader aspart of your trading stock? Please specify which.Investor/owner.19.2 If the Transaction is the grant of a new lease at a premium, please state:(a)(b)whether the Seller is entitled to enter into an election with the Buyer undersection 183 of the CAA 2001; andif so, whether the Seller is prepared to do so.It is not.19.3 If the Seller is an investor/owner, will the Seller be required to bring a disposal valueinto account in respect of any item of plant or machinery included in the Transactionthat is a fixture (a Fixture) within the meaning of section 173 of the CAA 2001 as aresult of the Transaction? If so, please state in respect of each Fixture:(a)(b)(c)(d)(e)(f)www.practicallaw.com/property© MEMBER FIRMS OF LPSLGAND PRACTICAL LAWCOMPANY LIMITED 2002-13the date on which the Seller incurred the expenditure on the Fixture;whether the Fixture is an integral feature within the meaning of section 33Aof the CAA 2001;whether the Fixture was first provided by the Seller or a previous owner;the amount of the qualifying expenditure incurred by the Seller on theprovision of the Fixture;the amount of the disposal value to be brought into account by the Seller inrespect of the Fixture as a result of the Transaction, subject to any suchelection as is referred to in (f) below;whether the Seller is entitled to enter into an election with the Buyer undersection 198 or section 199 of the CAA 2001, and if so the amount(s)proposed by the Seller to be fixed by such election; and25 CPSE.1