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Capital Allowances Act 2001

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Changes over time for: Section 508

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Point in time view as at 06/04/2024.

Changes to legislation:

Capital Allowances Act 2001, Section 508 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

508 Basic rule for calculating amount of allowanceU.K.
This section has no associated Explanatory Notes

(1)The basic rule is that the writing-down allowance for a chargeable period is 4% of the qualifying expenditure attributable to the dwelling-house or (as the case may be) each dwelling-house falling within section 507(1)(d).

(2)The allowance is proportionately increased or reduced if the chargeable period is more or less than a year.

(3)The basic rule does not apply if section 509 applies.

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