Part 4

Agricultural buildings allowances
Chapter 4

Writing-down allowances

Basic rule for calculating amount of allowance
373
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.
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. 4 restricted (19.7.2007) by Finance Act 2007 (c. 11), s. 36(4)-(7)
Pt. 4 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)