Commentary on Sections Glossary History Overview
1122.This Chapter provides what qualifying expenditure is written off and when for the purposes of Part 3. How much qualifying expenditure has been written off determines “the residue of qualifying expenditure”. This is defined by section 313 as the qualifying expenditure not written off in accordance with this Chapter.
1123.Section 332 introduces this Chapter.
1124.Section 333 writes off an initial allowance when the building is first used.
1125.Section 334 writes off a writing-down allowance at the end of the chargeable period for which it is made. This is taken to be done immediately before any balancing event which occurs at the end of the chargeable period.
1126.Section 335 writes off R&D allowances in the same way as in the previous section.
1127.Section 336 writes off notional writing-down allowances for periods after the first use of a building when it is not an industrial building.
1128.When a relevant interest in a building is sold, section 337 applies to:
	write off balancing allowances; and
	increase the residue of qualifying expenditure if a balancing charge is made.
1129.Section 338 writes off capital value realised if section 328 gives rise to a balancing event.
1130.Section 339 writes off qualifying expenditure if the Crown or a person not within the charge to tax is entitled to the relevant interest in a building.
1131.Section 340 adds net demolition costs to the residue of qualifying expenditure in some circumstances.