Section 104D — Finance Act 2008: Writing-down allowances at 10%

Writing-down allowances at 10% 104D 1 The amount of the writing-down allowance to which a person is entitled for a chargeable period in respect of expenditure which is special rate expenditure is 10% of the amount by which AQE exceeds TDR (see Chapter 5).

2 Subsection (1) applies even if the special rate expenditure is in a single asset pool.

3 In the case of expenditure in the special rate pool, this section is subject to section 56A (writing-down allowance for small pools).

4 Subsections (3) and (4) of section 56 (proportionate increases or reductions in amount in certain cases) apply for the purposes of subsection (1) of this section as they apply for the purposes of subsection (1) of that section.