Part 3A

Business Premises Renovation Allowances
Chapter 6

WRITING-DOWN ALLOWANCES

Meaning of “ the residue of qualifying expenditure ”
360K
The residue of qualifying expenditure is the qualifying expenditure that has not yet been written off in accordance with Chapter 9.
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2