{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-879B",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-879B.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/879B",
  "kind": "section",
  "number": "879B",
  "heading": "Requirement to write down at a fixed rate",
  "text": "(1) This section applies if a company acquires or creates a relevant asset on or after 1 April 2019.\n(2) The company is to be treated as having made an election under section 730 to write down the cost of the asset for tax purposes at a fixed rate.\n(3) In its application in relation to the asset, section 731 (writing down at fixed rate: calculation) has effect as if in subsection (1)(a) for “4%” there was substituted “ 6.5% ”.\n(4) The Treasury may by regulations amend subsection (3) so as to alter the percentage substituted for 4%.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 8 Ch. 15A inserted (with effect in accordance with Sch. 9 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 9 para. 6"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/879B",
    "retrieved_at": "2026-10-29T09:11:19.560467+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."
}