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.
Commentary on Sections Glossary Structure of Part 4 Section 378: Allowance limited to residue of qualifying expenditure