Schedules

Schedule 3U.K. Transitionals and savings

Part 10U.K. Dredging allowances

The writing-down periodU.K.

105(1)This paragraph applies where it is provided under Part 9 that writing-down allowances are to be made in respect of any expenditure during a writing-down period of any specified length.

(2)If allowances were made under paragraph 27(2) of Schedule 14 to [F1FA] 1965—

(a)for income tax purposes, for either of the tax years 1964-65 and 1965-66, and

(b)for accounting periods of a company falling wholly or partly within either of those years,

the periods for which allowances were made are added together in calculating the writing-down period, even though (according to the calendar) the same time is counted twice.