F1Part 4 Agricultural buildings allowances
Chapter 5 Balancing adjustments
General
380 When balancing adjustments are made
(1)
A balancing adjustment is made if—
(a)
qualifying expenditure has been incurred, and
(b)
a balancing event occurs in a chargeable period for which a person would (apart from this section) be entitled to a writing-down allowance.
(2)
A balancing adjustment is either a balancing allowance or a balancing charge and is made for the chargeable period in which the balancing event occurs.
(3)
A balancing allowance or balancing charge is made to or on the person entitled to the relevant interest in relation to the qualifying expenditure immediately before the balancing event.