# Capital Allowances Act 2001, Section 387: Overall limit on balancing charge


The amount of a balancing charge made on a person in respect of any qualifying expenditure must not exceed the total allowances made under this Part to the person in respect of the expenditure for chargeable periods ending before that in which the balancing event occurs.

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/387 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-387
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.