Part 3Capital allowances

Industrial and agricultural buildings allowances

86Qualifying enterprise zone expenditure: transitional provision

1

For a chargeable period which begins before, and ends on or after, the relevant date, a person’s entitlement to a writing-down allowance under Part 3 of CAA 2001 in respect of qualifying enterprise zone expenditure is to be determined in accordance with subsection (2).

2

The writing-down allowance to which the person is entitled is—

DCPBDCP×WDAmath

where—

  • DCPB is the number of days in the chargeable period which fall before the relevant date,

  • DCP is the number of days in the chargeable period, and

  • WDA is the writing-down allowance to which the person would be entitled for the chargeable period apart from this section.

3

In this section “the relevant date” has the same meaning as in section 84.