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Capital Allowances Act 2001

Overview

762.This Chapter deals with partial depreciation subsidies. These occur if some other person makes a payment to take account of some of the depreciation on an asset.

763.Section 209 defines “partial depreciation subsidy”.

764.Section 210 reduces first-year allowances if it appears that there will be a partial depreciation subsidy.

765.Section 211 provides that qualifying expenditure subject to a partial depreciation subsidy is allocated to a single asset pool and gives rules for that pool.

766.Section 212 provides for the reduction of writing-down allowances, balancing allowances and balancing charges for expenditure in a single asset pool under this Chapter.

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