{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-360I",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-360I.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/360I",
  "kind": "section",
  "number": "360I",
  "heading": "Entitlement to writing-down allowances",
  "text": "(1) A person is entitled to a writing-down allowance for a chargeable period if he has incurred qualifying expenditure in respect of a qualifying building and, at the end of the chargeable period—\n(a) the person is entitled to the relevant interest in the qualifying building,\n(b) the person has not granted a long lease of the qualifying building out of the relevant interest in consideration of the payment of a capital sum, and\n(c) the qualifying building constitutes qualifying business premises.\n(2) In subsection (1)(b) “ long lease ” means a lease the duration of which exceeds 50 years.\n(3) Whether the duration of a lease exceeds 50 years is to be determined—\n(a) in accordance with section 303 of ITTOIA 2005, and\n(b) without regard to section 360Z3(3) of this Act (new lease granted as a result of the exercise of an option treated as continuation of old lease).\n(4) A person claiming a writing-down allowance may require the allowance to be reduced to a specified amount.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/360I",
    "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."
}