SCHEDULES

SCHEDULE 39 Repeal of miscellaneous reliefs etc

PART 5 Capital allowances

Flat conversion allowances

41 (1) This paragraph applies if, for corporation tax purposes, the chargeable period of a company begins before, and ends on or after, 1 April 2013.

(2) The company is entitled only to the relevant proportion of any writing-down allowance for that chargeable period to which it would, but for this paragraph, have been entitled under section 393J of CAA 2001.

(3) The relevant proportion is—

where—

• A is the number of days in the chargeable period falling before 1 April 2013, and

• B is the number of days in the chargeable period.