{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-323",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-323.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/323",
  "kind": "section",
  "number": "323",
  "heading": "Adjusted net cost",
  "text": "The amount of the adjusted net cost is—\n(S-P)xIRwhere—\nS is the starting expenditure,\nP is the amount of any proceeds from the balancing event,\nI 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\nR is the number of days in the whole of the relevant period of ownership.",
  "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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/323",
    "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."
}