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Legislation
Capital Allowances Act 2001

Crossheading Calculation of balancing adjustments

  • Section 516 Dwelling-house a qualifying dwelling-house throughout
  • Section 517 Dwelling-house not a qualifying dwelling-house throughout
  • Section 518 Overall limit on balancing charge
  • Section 519 Recovery of old initial allowances made on incorrect assumptions
  1. Calculation of balancing adjustments
  2. Overall limit on balancing charge

Section 518 | Overall limit on balancing charge

From legislation.gov.uk

(1)The amount of a balancing charge made on a person in respect of any qualifying expenditure attributable to a dwelling-house must not exceed the total amount of the relevant allowances made to that person.

(2)“The relevant allowances” has the meaning given by section 517(8).

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