Section 323 | Adjusted net cost

From legislation.gov.uk

The amount of the adjusted net cost is—^F1

Formula

(S - P) x \frac{I}{R}

where—

S is the starting expenditure,

P is the amount of any proceeds from the balancing event,

I is the number of days in the relevant period of ownership on which the building was an industrial building or used for research and development, and

R is the number of days in the whole of the relevant period of ownership.