C1Part 2 Plant and machinery allowances
Annotations:
Modifications etc. (not altering text)
Chapter 11 Overseas leasing
Minor definitions
126 Minor definitions
1
In this Chapter “normal writing-down allowance” means a writing-down allowance of an amount determined without regard to sections 102 and 109 (reduced rates).
2
In this Chapter any reference, in relation to any person, to expenditure having qualified for a normal writing-down allowance is to—
a
the expenditure, or part of it, having fallen to be included in that person’s available qualifying expenditure for any chargeable period, and
b
that available qualifying expenditure being expenditure which is not subject to section 102 or 109.
3
Any reference in this Chapter to a person’s expenditure having qualified for a first-year allowance is to such an allowance having fallen to be made in respect of the whole or any part of the expenditure.
Pt. 2 (ss. 11-270) modified (prosp.) by Proceeds of Crime Act 2002 (c. 29), ss. 448, 458(1), Sch. 10 para. 12 (with para. 17(1))