Search Legislation

Capital Allowances Act 2001

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 109

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 109. Help about Changes to Legislation

109 Writing-down allowances at 10%U.K.
This section has no associated Explanatory Notes

(1)The amount of the writing-down allowance to which a person is entitled for a chargeable period in respect of expenditure to which this section applies is 10% of the amount by which AQE exceeds TDR (see Chapter 5).

(2)This section applies to expenditure incurred on the provision of plant or machinery for leasing if—

(a)the plant or machinery is at any time in the designated period used for overseas leasing which is not protected leasing, and

(b)the expenditure is not long-life asset expenditure.

(3)Subsection (2) applies to expenditure even if the expenditure is in a single asset pool.

(4)Subsections (3) and (4) of section 56 (proportionate increases or reductions in amount in certain cases) apply for the purposes of subsection (1) of this section as they apply for the purposes of subsection (1) of that section.

Back to top

Options/Help

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?