SCHEDULES

SCHEDULE 39 U.K.Repeal of miscellaneous reliefs etc

PART 5 U.K.Capital allowances

Flat conversion allowances U.K.

41 (1) This paragraph applies if, for corporation tax purposes, the chargeable period of a company begins before, and ends on or after, 1 April 2013. U.K.

(2) The company is entitled only to the relevant proportion of any writing-down allowance for that chargeable period to which it would, but for this paragraph, have been entitled under section 393J of CAA 2001.

(3) The relevant proportion is—

where—

A is the number of days in the chargeable period falling before 1 April 2013, and

B is the number of days in the chargeable period.