# Capital Allowances Act 2001, Paragraph 103: Writing-down allowances


(1) Section 487(2) applies with the substitution of “ 50 years ” for “25 years” in the case of expenditure incurred before 6th November 1962.
(2) Section 487(3) applies with the substitution of “ 2% ” for “4%” in the case of expenditure incurred before 6th November 1962.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/103 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/schedule-3/paragraph-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.