What is point of S198 CAA 2001 election?

Nursing Home
Selling for £750k
If agreed £700 property/goodwill £50k Furniture and equipment then what is point of joint election under S198 CAA 2001.

The vendor did claim C Allowances in the sum of £150k for fixtures and fittings when an extension was built 10 years ago
Could the purchasers attempt to claim CA on part of the Buildings cost of £700? Could this be binding on vendor?
Any case law or Articles worth reading?
knuckles

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