Commentary

B3.106 Manner of making capital allowances and balancing charges

Business tax
Business tax | Commentary

B3.106 Manner of making capital allowances and balancing charges

Business tax | Commentary

B3.106 Manner of making capital allowances and balancing charges

Allowances and charges in respect of capital allowances are to be given or made1:

  1.  

    (a)     for income tax, in calculating income for a chargeable period, and

  2.  

    (b)     for corporation tax, in calculating profits for a chargeable period

Separate rules are provided for each code of allowances:

  1.  

    –     structures and buildings allowance (see B3.274)

  2.  

    –     plant and machinery allowances (see B3.380)

  3.  

    –     mineral extraction allowances (see B3.423)

  4.  

    –     patent allowances (see B3.608)

  5.  

    –     know-how allowances (see B3.616)

  6.  

    –     research and development allowances (see B3.706)

  7.  

    –     dredging allowances (see B3.807)

  8.  

    –     assured tenancy allowances

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial