Version Superseded: 17/07/2012
Point in time view as at 11/05/2001. This version of this provision has been superseded.
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 393H.
(1)A person who has incurred qualifying expenditure in respect of a flat is entitled to an initial allowance in respect of the expenditure.
(2)The amount of the initial allowance is 100% of the qualifying expenditure.
(3)A person claiming an initial allowance under this section may require the allowance to be reduced to a specified amount.
(4)The initial allowance is made for the chargeable period in which the qualifying expenditure is incurred.]
Textual Amendments
F1Pt. 4A (ss. 393A-393W) inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 1
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