# Capital Allowances Act 2001, Section 130: Notice postponing first-year or writing-down allowance


(1) A person who is entitled to a first-year allowance for a chargeable period in respect of qualifying expenditure on the provision of a ship may, by notice, postpone all or part of the allowance.
(2) A person who is entitled to a writing-down allowance for a chargeable period in respect of qualifying expenditure allocated to a single ship pool may, by notice, postpone all or part of the allowance.
(3) A notice under this section must specify the amount postponed.
(4) A notice under this section must be given to an officer of Revenue and Customs—
(a) for income tax purposes, on or before the normal time limit for amending a tax return for the tax year in which the relevant chargeable period ends;
(b) for corporation tax purposes, no later than 2 years after the end of the relevant chargeable period.
(5) “The relevant chargeable period” means the chargeable period for which the person is entitled to the allowance.
(6) If a person entitled to a first-year allowance in respect of qualifying expenditure on the provision of a ship claims the allowance in respect of part of the expenditure, subsection (1) applies to the allowance claimed.
(7) If a person entitled to a writing-down allowance in respect of qualifying expenditure allocated to a single ship pool requires the allowance to be reduced to a specified amount, subsection (2) applies to the allowance as so reduced.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/130 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-130
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.