Commentary on Sections Glossary Structure of Part 4 Section 378: Allowance limited to residue of qualifying expenditure
1297.This section is based on section 146(2) and (3) of CAA 1990. It limits the amount of a writing-down allowance for a chargeable period to the residue of qualifying expenditure immediately prior to the allowance being made. This makes sure the total allowances do not exceed the qualifying expenditure.