Search Legislation

Capital Allowances Act 2001


943.The broad theme underlying the legislation is to give relief for capital expenditure on a new building provided that the building is used in particular ways – mainly for manufacturing or processing.

944.There are significant differences from the provisions for plant and machinery allowances in Part 2 of this Act. For example:

  • there is normally a single amount of qualifying expenditure, allowances on which may be shared between successive “owners” of the building;

  • expenditure is not “pooled” for the purposes of working out allowances and charges;

  • writing-down allowances are made on what is generally known as a “straight line” basis. See paragraph 27 above; and

  • balancing adjustments are not normally made more than 25 years after the first use of the building.

Back to top


Print Options


Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources