OT17590 | PRT: Safeguard - Interaction with Spreading Election

OTA75\S9(4)

The legislation covering spreading elections ceased to have effect in relation to chargeable periods beginning after 30 June 2009.

Where an election is made under OTA75\Sch3\Para9 (see OT13160) to spread expenditure qualifying for supplement, OTA75\S9(4) ensures that the participator’s safeguard reduction should be no greater than it would have been had no election been made. Likewise, its accumulated capital expenditure, calculated under OTA75\S9(3), should be taken to be what it would have been had no election been made.