# Capital Allowances Act 2001, Section 518: Overall limit on balancing charge


(1) The amount of a balancing charge made on a person in respect of any qualifying expenditure attributable to a dwelling-house must not exceed the total amount of the relevant allowances made to that person.
(2) “The relevant allowances” has the meaning given by section 517(8).

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/518 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-518
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.