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Part 10 Assured tenancy allowances

Chapter 5 Writing-down allowances

Entitlement to and calculation of writing-down allowances

510 Allowance limited to residue of qualifying expenditure attributable to dwelling-house

1

The amount of the writing-down allowance for a chargeable period in respect of a dwelling-house is limited to the residue of qualifying expenditure attributable to it.

2

For this purpose the residue is ascertained immediately before writing off the writing-down allowance at the end of the chargeable period.