Capital Allowances Act 2001 (c. 2)

Schedules

Schedule 3 U.K. Transitionals and savings

Part 5 U.K. Industrial buildings allowances

Writing-down allowances U.K.

Basic rule for calculating amount of allowance U.K.

66 Section 310(1)(b) applies with the substitution of “ 2% ” for “4%” in the case of expenditure incurred before 6th November 1962.

Calculation of amount after relevant event U.K.

67 Section 311(1) applies with the substitution (in the definition of “B”) of “ 50 years ” for “25 years” in the case of expenditure incurred before 6th November 1962.