Capital Allowances Act 2001 (c. 2)

Part 4 Agricultural buildings allowances

Chapter 4 Writing-down allowances

373 Basic rule for calculating amount of allowance

(1) The basic rule is that the writing-down allowance for a chargeable period is 4% of the qualifying expenditure.

(2) The allowance is proportionately increased or reduced if the chargeable period is more or less than a year.