Schedules

Schedule 3 Transitionals and savings

Part 6 Agricultural buildings allowances

83 The writing-down period

1

This paragraph applies where it is provided under Part 4 that writing-down allowances are to be made in respect of any expenditure during a writing-down period of any specified length.

2

If allowances were made under paragraph 27(2) of Schedule 14 to FA 1965—

a

for income tax purposes, for either of the tax years 1964-65 and 1965-66, and

b

for accounting periods of a company falling wholly or partly within either of those years,

the periods for which allowances were made are added together in calculating the writing-down period, even though (according to the calendar) the same time is counted twice.