{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-416D",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-416D.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/416D",
  "kind": "section",
  "number": "416D",
  "heading": "First-year allowances",
  "text": "(1) A person is entitled to a first-year allowance in respect of first-year qualifying expenditure if the expenditure is incurred in a chargeable period to which this Act applies.\n(2) Any first-year allowance is made for the chargeable period in which the first-year qualifying expenditure is incurred.\n(3) The amount of the allowance is a percentage of the first-year qualifying expenditure in respect of which the allowance is made, as shown in the Table—\nTable\nAmount of first-year allowances\nType of first-year qualifying expenditure\nAmount\nExpenditure qualifying under section 416B (expenditure incurred wholly for the purposes of a ring fence trade)\n100%\n(4) A person who is entitled to a first-year allowance may claim the allowance in respect of the whole or a part of the first-year qualifying expenditure.\n(5) This section is subject to section 416E (artificially inflated claims for first-year allowances).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 416D and preceding crossheading inserted (with effect as mentioned in s. 63(3) of the amending Act) by Finance Act 2002 (c. 23), s. 63, Sch. 21 para. 10"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/416D",
    "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."
}