Commentary on Sections Glossary Structure of this Part
1768.The legislation is not spent as writing-down allowances may continue for 25 years or more after expenditure was incurred. But there can be no new qualifying expenditure or new bodies that can claim writing-down allowances. Most (and possibly all) practical issues have been resolved by now with writing-down allowances being claimed year by year.
1769.As these allowances were based largely on industrial buildings allowances, the same structure has, so far as possible, been adopted as in Part 3.