{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-55",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-55.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/55",
  "kind": "section",
  "number": "55",
  "heading": "Determination of entitlement or liability",
  "text": "(1) Whether a person is entitled to a writing-down allowance or a balancing allowance, or liable to a balancing charge, for a chargeable period is determined separately for each pool of qualifying expenditure and depends on—\n(a) the available qualifying expenditure in that pool for that period (“AQE”), and\n(b) the total of any disposal receipts to be brought into account in that pool for that period (“TDR”).\n(2) If AQE exceeds TDR, the person is entitled to a writing-down allowance or a balancing allowance for the period.\n(3) If TDR exceeds AQE, the person is liable to a balancing charge for the period.\n(4) The entitlement under subsection (2) is to a writing-down allowance except for the final chargeable period when it is to a balancing allowance.\n(5) The final chargeable period is given by section 65.\n(6) Subsection (2) is subject to section 104F (special rate cars: discontinued activity continued by relevant company) and section 110(1) (overseas leasing: allowances prohibited in certain cases).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 55(6) inserted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 16 (with Sch. 11 paras. 30-32)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/55",
    "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."
}