# Capital Allowances Act 2001, Section 458: Amount of allowances and charges


(1) The amount of the writing-down allowance to which a person is entitled for a chargeable period is 25% of the amount by which AQE exceeds TDV.
(2) If the chargeable period is more or less than a year, the amount is proportionately increased or reduced.
(3) If the trade has been carried on for part only of the chargeable period, the amount is proportionately reduced.
(4) A person claiming a writing-down allowance may require the allowance to be reduced to a specified amount.
(5) The amount of the balancing charge to which a person is liable for a chargeable period is the amount by which TDV exceeds AQE.
(6) The amount of the balancing allowance to which a person is entitled for the final chargeable period is the amount by which AQE exceeds TDV.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/458 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-458
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.