Schedules

Schedule 3 U.K. Transitionals and savings

Part 9 U.K. Patent allowances

Expenditure incurred before 1st April 1986 U.K.

Calculation of writing-down allowances U.K.

96 (1) The basic rule for calculating a writing-down allowance for an item of qualifying expenditure is—

where—

E is the amount of the qualifying expenditure;

C is the length of the part of the chargeable period falling within the writing-down period;

W is the length of the writing-down period.

(2) The basic rule is subject to the rules about—

(a) cessation of writing-down allowances (paragraph 97), and

(b) reduced writing-down allowances (paragraph 98).