{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-312",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-312.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/312",
  "kind": "section",
  "number": "312",
  "heading": "Allowance limited to residue of qualifying expenditure",
  "text": "(1) The amount of the writing-down allowance for a chargeable period is limited to the residue of qualifying expenditure.\n(2) For this purpose the residue is ascertained immediately before writing off the writing-down allowance at the end of the chargeable period.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 3 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 21(1)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 3 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 38(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/312",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}