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Legislation
Capital Allowances Act 2001

Crossheading Calculation of balancing adjustments

  • Section 318 Building an industrial building etc. throughout
  • Section 319 Building not an industrial building etc. throughout
  • Section 320 Overall limit on balancing charge
  1. Calculation of balancing adjustments
  2. Overall limit on balancing charge

Section 320 | Overall limit on balancing charge

From legislation.gov.uk

The amount of a balancing charge made on a person must not exceed the amount of the net allowances made.F1

Notes

  1. F1

    Pt. 3 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85, 86 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)

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