[212K Relevant tax written-down value]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[212K  Relevant tax written-down value]

[(1)     RTWDV is the relevant tax written-down value and is to be found by adding together amounts 1 and 2.

(2)     Amount 1 is the total amount of any unrelieved qualifying expenditure in respect of plant and machinery contained in—

(a)     single asset pools,

(b)     class pools, or

(c)     the main pool,

which is available to be carried forward (in accordance with section 59) from the old period and used in calculating the profits of the relevant [activity].

(3)     Amount 2 is the total of any qualifying expenditure incurred on the provision of a ship for the purposes of the

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Fraud by false representation

Fraud by false representationFraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the

LEXISNEXIS

Escrow accounts and escrow agreements

Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions

LEXISNEXIS

Fiduciary Duties

Fiduciary DutiesWho is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some relationships are automatically fiduciary, eg those between trustee and beneficiary, solicitor and client, principal and agent, business

LEXISNEXIS

Arms length management organisations (ALMOs)

Arms length management organisations (ALMOs)An arms length management organisation (ALMO) is a not-for-profit company that provides housing services on behalf of a local housing authority (LHA). Usually an ALMO is set up by the LHA to manage and improve all or part of its housing stock with the LHA