Part 4Agricultural buildings allowances
Chapter 4Writing-down allowances
379Final writing-down allowance
1
In this section “the final writing-down allowance” means the writing-down allowance which is made—
a
to the person who is entitled to the relevant interest when the writing-down period ends, and
b
for the chargeable period in which it ends.
2
If the final writing-down allowance would, apart from this section, be less than the amount of the residue of qualifying expenditure immediately before it is made, the allowance is increased to that amount.
3
When determining the residue of qualifying expenditure under section 386 for the purposes of subsection (2), assume that all such writing-down allowances have been made to the persons who have been entitled to the relevant interest during the writing-down period as could have been made if each of them—
a
had been entitled to allowances, and
b
had claimed allowances in full.