# Capital Allowances Act 2001, Section 99: The monetary limit

Extent: E+W+S+N.I.

(1) The monetary limit in the case of a chargeable period of 12 months is £100,000.
(2) If, in the case of an individual or partnership, the chargeable period is longer or shorter than 12 months, the monetary limit is the amount given by a proportional increase or reduction of £100,000.
(3) If, in the case of a company, the chargeable period is shorter than 12 months, the monetary limit is the amount given by a proportional reduction of £100,000.
(4) If, in a chargeable period, a company has one or more associated companies, the monetary limit for that period is—
LN+1where—
L is the monetary limit applicable under subsection (1) or (3), and
N is the number of associated companies.
(4A) The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of subsection (4).
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/99 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-99
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.