10 Plant and machinery writing-down allowances
Finance Act 2011 (2011 c 11) | Legislation

Capital allowances

10  Plant and machinery writing-down allowances

(1)     Part 2 of CAA 2001 (plant and machinery allowances) is amended as follows.

(2)     In section 56 (amount of allowances and charges), in subsection (1) for “20%” substitute “18%”.

(3)     In section 104D (writing-down allowances: special rate expenditure)—

(a)     in subsection (1) for “10%” substitute “8%”, and

(b)     after that subsection insert—

“(1A)     But, in relation to special rate expenditure incurred wholly for the purposes of a ring fence trade in respect of which tax is chargeable under section 330(1) of CTA 2010 (supplementary charge in respect of ring fence trades), the amount of the writing-down allowance

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