# Capital Allowances Act 2001, Section 348: Additional VAT liabilities and writing off initial allowances


If an initial allowance is made in respect of an additional VAT liability incurred after the building is first used, the amount of the allowance is written off at the time when the liability accrues.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/348 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-348
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.