Capital Allowances Act 2001

75General limit on amount of writing-down allowance
This sectionnoteType=Explanatory Notes has no associated

(1)The amount of the writing-down allowance to be made to a person for a chargeable period in respect of qualifying expenditure incurred on the provision of a car to which section 74 applies must not exceed £3,000.

(2)The limit under subsection (1) is proportionately increased or reduced if the chargeable period is more or less than a year.

(3)The amount of the writing-down allowance may be further limited under—

  • section 76 (expenditure met by another person),

  • section 77 (effect of use partly for other purposes), or

  • section 78 (effect of partial depreciation subsidy).