{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-360J",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-360J.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/360J",
  "kind": "section",
  "number": "360J",
  "heading": "Amount of allowance",
  "text": "(1) The writing-down allowance for a chargeable period is 25% of the qualifying expenditure.\n(2) The allowance is proportionately increased or reduced if the chargeable period is more or less than a year.\n(3) The amount of the writing-down allowance for a chargeable period is limited to the residue of qualifying expenditure.\n(4) 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. 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/360J",
    "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."
}